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Economy

ADP Payrolls In-Line at 200,000 for September

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By Jon C. Ogg Published
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ADP has released its private sector employment for the month of September, and it showed an increase of 200,000 jobs from August. The ADP National Employment Report is derived from ADP’s actual payroll data, and it is meant to measure the change in total nonfarm private employment each month. Just like the employment data from the Bureau of Labor Statistics (BLS), this is reported on a seasonally adjusted basis.

Bloomberg had the consensus estimate for the ADP report at 190,000m and Dow Jones (Wall Street Journal) was calling for 200,000 added.

By company size, small businesses (under 50) added 37,000 jobs, medium-sized businesses (under 500 employees) were up 56,000 for the month and large businesses were up by 106,000.

A breakdown of additions by sector was as follows for the month of September:

  • Goods-producing, 12,000
  • Construction, 35,000
  • Manufacturing, -15,000
  • Trade/transportation/utilities, 39,000
  • Financial activities, 15,000
  • Professional/business services, 29,000

This will not impact the expectations for nonfarm payrolls due Friday. Bloomberg has a 203,000 consensus estimate from the BLS data.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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