Economic Report: U.S. adds 230,000 private-sector jobs in September: ADP

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A ‘now hiring’ sign is posted in the window of a fast food restaurant in San Francisco, California.

The numbers: Private-sector employment soared in September, as employers added 230,000 jobs, Automatic Data Processing Inc. reported Wednesday. This is the highest since February. The gain was well above forecasts from economists polled by Econoday, who had expected on average an increase of 179,000. August’s gain was upwardly revised to show 168,000 growth instead of a previously estimated 163,000.

What happened: Details of ADP’s report showed that small firms added 56,000 jobs in September, medium-sized businesses added 99,000 to large companies added 75,000.

Big picture: The labor market has been on fire this year, with job gains averaging 207,000 per month over the first 8 months of the year.

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