U.S. companies added more jobs than forecast in September, the most since June, suggesting that
Businesses’ payrolls increased by 568,000 last month, led by leisure and hospitality, after a revised 340,000 gain in August, according to ADP Research Institute data.
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The stronger pace of hiring indicates that companies had greater success
The data come ahead of Friday’s monthly employment report from the Labor Department, which is currently forecast to show the U.S. added 450,000 private payrolls in September. While the ADP data don’t always follow the same pattern as the Labor Department’s data, the acceleration could point to a strong September report.
Service-provider employment increased 466,000 in September, led by payrolls at leisure and hospitality businesses, which rose by 266,000 during the month.
“Current bottlenecks in hiring should fade as the health conditions tied to the COVID-19 variant continue to improve, setting the stage for solid job gains in the coming months,” Nela Richardson, ADP’s chief economist, said in a statement.
Companies with more than 1,000 workers added 354,000 people to payrolls, while small businesses posted a gain of 63,000.