US private sector jobs rise by 208,000 in September, report shows

US private sector employers stepped up hiring in September, suggesting demand for workers remains strong despite rising interest rates and tighter financial conditions.

208,000 jobs were opened in the US private sector last month, the ADP National Employment report showed this Wednesday (5th).

August data was revised to show 185,000 job openings, instead of 132,000 as previously reported. Economists consulted by Reuters projected the creation of 200,000 jobs in the month.

Publication of the ADP report resumed in September, with August data, after a two-month hiatus in which the company sought to improve methodology following a poor record in the U.S. Department of Labor employment report’s private jobs forecast. .

It remains to be seen whether the new ADP report, now developed in conjunction with Stanford’s Digital Economics Lab, will be a useful guide to the job market.

The figures were published ahead of the Department of Labor’s more comprehensive and closely watched September employment report.

According to a Reuters poll of economists, job creation in the private sector may have reached 270,000 last month, after 308,000 in August.

With an expected closure of 20,000 in the public sector, total job creation outside the agricultural sector must have been 250,000. The US economy created 315,000 jobs in August.