Non-farm private employment decreased a modest 8,000 in September on a seasonally adjusted basis, ADP announced Wednesday in the ADP National Employment Report (pdf).
Meanwhile, the estimated change in employment for August was revised to a decrease of 37,000 from the previously-announced decreased of 33,000 jobs, ADP said.
The service sector of the economy added 64,000 jobs, while employment in the goods-producing sector declined 72,000, its 22nd consecutive monthly decline. Manufacturing employment fell 48,000 in September, its 25th consecutive monthly decline.
Don't read too much into ADP data
Economist Richard Felson said the September ADP private sector report was modest good news, in that it was benign. "We can't project or read too much into the ADP data because it is just a segment of the job market, but at least the job loss numbers were not large," Felson said.
Meanwhile, the estimated change in employment for August was revised to a decrease of 37,000 from the previously-announced decreased of 33,000 jobs, ADP said.
The service sector of the economy added 64,000 jobs, while employment in the goods-producing sector declined 72,000, its 22nd consecutive monthly decline. Manufacturing employment fell 48,000 in September, its 25th consecutive monthly decline.
Don't read too much into ADP data
Economist Richard Felson said the September ADP private sector report was modest good news, in that it was benign. "We can't project or read too much into the ADP data because it is just a segment of the job market, but at least the job loss numbers were not large," Felson said.
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