Jobs
US Hiring in ADP Data Rebounds After Five Months of Easing
- Private payrolls rose 143,000 in September, above forecast
- ‘Stronger hiring didn’t require stronger pay growth,’ ADP says
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Hiring at US companies picked up in September, snapping a five-month stretch of slower payrolls growth.
Private payrolls increased 143,000 last month after an August advance that was the weakest since March 2023, according to the ADP Research Institute in collaboration with Stanford Digital Economy Lab. The Bloomberg survey of economists had called for a gain of 125,000 jobs.