The Department of Labor will release its monthly data tomorrow and ADP is sharing news that September turned out better than expected!
The payroll company says private sector hiring picked up a little in September. This marks the sixth consecutive month of gains surpassing 200,000. What does this mean exactly? According to a MarketWatch piece, this signifies a sign of strength and growth for our economy.
In September, the private sector added 213,000 jobs. In August they added 202,000 jobs. Economists originally expected a gain of 209,000 last month, so the actual number of 213,000 sounds pretty darn good to us!