ADP Employment Change (Sep) 154K vs 165K Expected
- Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
- Wall Street slips on earnings; Apple falls late after results
- Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved
- Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short
- After-Hours Movers 10/25: (OGXI) (AKAM) (VRTX) Higher; (EW) (NUVA) (CMG) (AAPL) Lower (more...)
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
(Updated - October 5, 2016 8:15 AM EDT)
- ADP Employment Change (Sep) 154K vs 165K Expected
Private sector employment increased by 154,000 jobs from August to September according to the September ADP National Employment Report. Broadly distributed to the public each month, free of charge, theADP National Employment Report is produced by the ADP Research Institute in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
September 2016 Report Highlights*
View the ADP National Employment Report Infographic atwww.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 154,000
* Sum of components may not equal total, due to rounding.
**Complete details on franchise employment can be found here.
Payrolls for businesses with 49 or fewer employees increased by 34,000 jobs in September, down from 68,000 in August. Employment at companies with 50-499 employees increased by 56,000 jobs, up from last month's 40,000. Employment at large companies -- those with 500 or more employees -- increased by 64,000, down from 67,000 in the prior month. Companies with 500-999 employees added 8,000 and companies with more than 1,000 employees added 56,000 in September.
Goods-producing employment was up by 3,000 jobs in September, following August losses of 9,000. The construction industry added 11,000 jobs, following August losses of 2,000 jobs. Meanwhile, manufacturing jobs were down 6,000 in September, after losing 4,000 in the previous month.
Service-providing employment rose by 151,000 jobs in September. The ADP National Employment Report indicates that professional/business services contributed 45,000 jobs, down from 53,000 in August. Trade/transportation/utilities increased by 15,000 jobs in September, down from 26,000 jobs added the previous month. Financial activities added 11,000 jobs, down from last month's gain of 15,000 jobs.
"Job gains in September eased a bit when compared to the past 12-month average," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "We also observed softening this month in trade/transportation/utilities, possibly due to a continued tightening U.S. labor market and lackluster consumer spending."
Mark Zandi, chief economist of Moody's Analytics, said, "The current record of consecutive monthly job gains continued in September. With job openings at all-time highs and layoffs near all-time lows, the job market remains in full-swing. Job growth has moderated in recent months, but only because the economy is finally returning to full-employment."
To see Chart 1. Change in Total Nonfarm Private Employment, please click here:http://media.marketwire.com/attachments/201610/MOD-99308_Image1.jpg
To see Chart 2. Historical Trend -- Change in Total Nonfarm Private Employment, please click here:http://media.marketwire.com/attachments/201610/MOD-99309_Image2.jpg
To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click here:http://media.marketwire.com/attachments/201610/MOD-99310_Image3.jpg
To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click here:http://media.marketwire.com/attachments/201610/MOD-99311_Image4.jpg
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 411,000 U.S. clients employing nearly 24 million workers in the U.S. The August total of jobs added was revised down from 177,000 to 175,000.
To obtain additional information about the ADP National Employment Report, including additional charts, supporting data and the schedule of future release dates, or to subscribe to the monthly email alerts and RSS feeds, please visit www.adpemploymentreport.com.
The October 2016 ADP National Employment Report will be released at 8:15 a.m. ET on November 2, 2016.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Markit US Manufacturing PMI (Oct P) 53.2 vs 51.5 Expected
- CPI (Sep. MoM) 0.3% vs 0.3% Expected; Ex-Food & Energy 0.1% vs 0.2%
- U.S. single-family house building jumps in September, building permits up also
Create E-mail Alert Related CategoriesETFs, Economic Data
Related EntitiesADP Employment Report
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!