Companies added jobs at a faster pace than expected in September, largely due to rising rents in production, according to a report Wednesday by ADP.
The monthly number of jobs in the company’s private sector showed an increase of 749,000, before 600,000, expected by a study by the Dow Jones economist.
The report, prepared jointly with Moody’s Analytics, comes two days before the more closely monitored reporting of wage growth in agricultural services.
800,000 are expected to be added to this report after 1
However, during the coronavirus pandemic, the initial assessment of ADP often followed the official census of governments with a significant margin, showing a potential increase in the number of September. The initial ADP estimate for August was only 428,000, but was revised up to 481,000, which is still a long way from the Department of Labor’s calculations.
In September, the ADP found that production added 130,000 jobs. The only sector that has grown more is trade, transport and utilities, which have grown by 186,000.
Leisure and hospitality, a sector that was particularly hard hit during the pandemic, reported a profit of 92,000. Education and health services rose by 90,000, although all growth came from healthcare, as education lost 11,000.
Professional and business services increased by 78,000, while construction also had a solid month, adding 60,000 positions.
Companies with more than 500 employees created the most jobs with 297,000, while small businesses with less than 50 employees lagged behind by 192,000.