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9/30, 2:15 PM (Source: TeleTrader)
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ADP: US private payrolls up by 749,000 in September

The number of jobs in the private sector in the United States grew by 749,000 in September, according to the ADP National Employment Report released on Wednesday. The rise was larger than analysts anticipated.

Large companies increased their number of employees most as 297,000 jobs were added. Meanwhile, jobs in medium businesses were up by 259,000 and small businesses added 192,000 jobs.

The number of jobs in the service sector surged by 552,000, most of which were in trade, transportation and utilities. Meanwhile, the number of jobs in the good-producing businesses was up by 196,000.

Breaking the News / NP