US companies add most jobs in three months, ADP data show
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[WASHINGTON] US companies added more jobs than forecast in September, the most since June, suggesting that ongoing hiring challenges are beginning to ease as more Americans return to the workforce.
Businesses' payrolls increased by 568,000 last month, after a revised 340,000 gain in August, according to ADP Research Institute data released on Wednesday. The median forecast in a Bloomberg survey of economists called for a 430,000 rise.
The stronger pace of hiring indicates that companies had greater success filling open positions after enhanced federal unemployment benefits ended on Sept 6 and as schools reopen, allowing some parents to return to work. Even so, it'll take more time to reach a full labour market recovery - total employment measured by ADP remains well below pre-pandemic levels.
The data come ahead of Friday's monthly employment report from the Labor Department, which is currently forecast to show the US added 450,000 private payrolls in September.
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