Below are the numbers that ADP came in with today’s Jobs Report. These represent decent gains, however, the news is dampened by revisions to July and August numbers by 17,000 and 12,000 respectively.
The stock market saw modest gains in the morning based on the news, but by mid-day the gains were wiped out by HP’s news of lower than expected profits, and a managing of expectations for their 2013 numbers.
U.S. Nonfarm Private Employment Highlights – September 2012 Report:
Total employment: +162,000
Small businesses:* +81,000
Medium businesses:** +64,000
Large businesses:*** +17,000
Goods-producing sector: +18,000
Service-providing sector: +144,000
Manufacturing industry: + 4,000*
Small businesses represent payrolls with 1-49 employees
** Medium businesses represent payrolls with 50-499 employees
*** Large businesses represent payrolls with more than 499 employees
Note: All data included in the ADP National Employment Report is based on size of payroll. In some cases, small and medium-size payrolls belong to businesses employing more workers than indicated by the size grouping.