Private Sector Hiring Robust In September: Magic 8-Ball
US private sector employers added 568,000 jobs in September, ADP said Wednesday.
That was considerably more than the market expected. Consensus was looking for 430,000 (figure below). The range, from nearly three-dozen economists, was 250,000 to 610,000.
ADP hasn't been a reliable predictor of NFP in the pandemic era, to put it politely. But the reasonably upbeat headline print was welcome nevertheless.
Gains were overwhelmingly concentrated in large firms. Businesses with 500 or more emplo
It will be interesting to see if the rising pressure to be vaxed hurts hiring or helps it. One can’t feed one’s self with “freedom.”