(FOX BUSINESS) — Private employers hired at a faster-than-expected pace in September, indicating the nation’s pandemic-ravaged labor market is continuing to recover from the coronavirus crisis, according to the ADP National Employment Report released Wednesday.
The report showed that companies created 749,000 new jobs last month, topping the 650,000-job increase that economists surveyed by Refinitiv had expected.
“The labor market continues to recover gradually,” Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, said in a statement. “In September, the majority of sectors and company sizes experienced gains with trade, transportation and utilities; and manufacturing leading the way. However, small businesses continued to demonstrate slower growth.”