Private Job Growth Stronger Than Expected
Rosedale, NJ, Oct. 3, 2012 -- Private employers added 162,000 jobs in September, according to ADP Employment Services.
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The report came in slightly stronger than the 152,000 Dow Jones Newswires–compiled consensus. However, the previous two months of job growth were revised lower by a cumulative 29,000.
The growth in September was led by the services sector, which produced 144,000 jobs, compared to 18,000 in the goods-producing sector.
Manufacturing employment rose 4,000, while construction employment rose 10,000, the strongest since March.