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U.S. private sector adds 200,000 jobs in September

Xinhua, October 1, 2015 Adjust font size:

The U.S. private payrolls showed a steady increase of 200,000 in September, while manufacturing employment worsened, said a private survey released on Wednesday.

U.S. private companies added 200,000 jobs in September, up from 186,000 jobs in August, said the National Employment Report released jointly by Automatic Data Processing (ADP) and Moody's Analytics, based on a monthly survey.

"Despite job losses in the energy and manufacturing industries, the economy is creating close to 200,000 jobs per month. At this pace full employment is fast approaching, " said Mark Zandi, chief economist of Moody's Analytics.

In September, employment in the manufacturing sector dropped into negative territory losing 15,000 jobs, the worst showing since December 2010, said the report.

Large businesses with more than 500 employees added 106,000 jobs, contributing over half of the job gains, while small and medium-sized businesses accounted add 93,000 jobs, according to the report.

"The largest companies appear to be starting overcome the impacts of weak global demand and the high dollar, while the smallest companies may have pulled back as concerns about the resiliency of the U.S. economy grew and consumer confidence softened," said Ahu Yildirmaz, head of the ADP Research Institute.

The ADP survey studied data from private businesses with more than 23 million workers on payrolls but excludes government job growth. Endit