Press release
ADP National Employment Report: Private Sector Employment Increased by 89,000 Jobs in September; Annual Pay was Up 5.9%
ROSELAND, N.J., Oct. 4, 2023 /PRNewswire/ -- Private sector employment increased by 89,000 jobs in September and annual pay was up 5.9 percent year-over-year,
About this update from Automatic Data Processing, Inc.
[{"type":"text","content":"ROSELAND, N.J., Oct. 4, 2023 /PRNewswire/ -- Private sector employment increased by 89,000 jobs in September and annual pay was up 5.9 percent year-over-year, according to the September ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (\"Stanford Lab\"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.\nThe jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month's total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP's pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period.\n\"We are seeing a steepening decline in jobs this month,\" said Nela Richardson, chief economist ADP. \"Additionally, we are seeing a steady decline in wages in the past 12 months.\"\nSeptember 2023 Report Highlights*\nView the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.\nJOBS REPORT\nPrivate employers added 89,000 jobs in SeptemberSeptember showed the slowest pace of growth since January 2021, when private employers shed jobs. Large establishments drove the slowdown, losing 83,000 jobs and wiping out gains they made in August.\nChange in U.S. Private Employment: 89,000\nChange by Industry Sector- Goods-producing: 8,000\nNatural resources/mining 4,000Construction 16,000Manufacturing -12,000- Service-providing: 81,000\nTrade/transportation/utilities -13,000Information 1,000Financial activities 17,000Professional/business services -32,000Education/health services 10,000Leisure/hospitality 92,000Other services 6,000Change by U.S. Regions- Northeast: 34,000\nNew England -1,000Middle Atlantic 35,000- Midwest: 2,000\nEast North Central 0West North Central 2,000- South: -16,000\nSout...