Employment in the U.S. nonfarm private business sector increased by 162,000 from August to September, on a seasonally adjusted basis, according to the ADP national employment report, released Wednesday.

The estimated gains in previous months were revised lower: the July increase was reduced by 17,000 to an increase of 156,000, while the August increase was reduced by 12,000 to an increase of 189,000.

Employment in the private, service-providing sector expanded 144,000 in September, down from 175,000 in August.

Employment in the private, goods-producing sector added 18,000 jobs in September. Manufacturing employment rose 4,000, while construction employment rose 10,000, the strongest since March when mild winter weather was boosting construction activity.

The financial services sector added 7,000 jobs in September, marking the fourteenth consecutive monthly gain.

 

Market News International is a real-time global news service for fixed-income and foreign exchange market professionals. See www.marketnews.com.

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