Private Sector Adds 91,000 Jobs

Private businesses added slightly more jobs than expected in September, according to a report released Wednesday, even as a separate release noted a surge in layoffs last month.

Meanwhile, the U.S. nonmanufacturing sector had little change in business conditions in September, according to data released Wednesday by the Institute for Supply Management. Employment fell and price pressures eased.

Private-sector jobs in the U.S. rose by 91,000 last month, according to a national employment report published by payroll processor Automatic Data Processing Inc. and consultancy Macroeconomic Advisers.

Economists surveyed by Dow Jones Newswires had expected ADP would report a September gain of just 75,000. The August data were revised down to show a rise of 89,000 versus 91,000 reported a month ago.

Read Full Article from Wall Street Journal

- Posted: 2011-10-05 11:00:33

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