UPDATE: September ADP showed a rise of 162K private payrolls versus economists’ expectations of 140K.Click here for live updates >
However, last month was revised down to 189K from 201K.
Here are the highlights from the report:
Total employment: +162,000
Small businesses: +81,000
Medium businesses: +64,000
Large businesses: +17,000
Goods-producing sector: +18,000
Service-providing sector: +144,000
Manufacturing industry: + 4,000
Here is a table with the full breakdown:
And a chart showing the trend:
ORIGINAL: Minutes away from the key economic report of the day: the September ADP Jobs Report.
Economists polled by Bloomberg forecast payrolls expanded by 140,000 positions this September, below the 201,000 gain seen in August.
The announcement is set for 8:15 AM ET and precedes the nonfarm payrolls report on Friday.