Private payroll growth tailed off sharply in September, according to an ADP report Wednesday that provides a counterweight to other signs that the labor market is still running strong.
The payroll processing firm said job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate from economists polled by Dow Jones.
Economists estimate non-farm payrolls increased by 170,000 in September, down from a 187,000 increase in August, according to Dow Jones.
The report comes a day after the Labor Department said job openings unexpectedly rose sharply in August.
ADP said job growth was strongest at companies with fewer than 50 employees, a sector that added 95,000 positions.
Persons:
Dow Jones, Job, Nela Richardson
Organizations:
Federal Reserve, ADP, Labor Department, Labor
Locations:
New Brighton , Minnesota