Highlights of the ADP report include:
September’s employment decline was the smallest since July of 2008
Nonfarm private employment in the service-providing sector fell by 103,000
Employment in the manufacturing sector dropped 74,000
Employment with medium-size businesses with between 50 and 499 workers declined 93,000
Employment losses among small-size businesses have diminished in each of the last six months
Employment in the financial services sector dropped 19,000, the twenty-second consecutive monthly decline.
For information on the construction and use of the ADP Report, please visit the methodology section of the ADP National Employment Report website.
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Risk: unemployment, recession, recovery, political