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ADP: Slow Growth in September
Greig O'Brien / ARCHITECT / October 2, 2013
Job growth plods along in September, with construction, manufacturing, and professional services all making gains.
In what could very well be the only jobs you’ll see this week, due to the shutdown of the federal government over the fight over passage of a continuing resolution bill, payroll firm ADP and its partner Moody’s Analytics have released their monthly employment report. According to this duo, the economy added 166,000 jobs in September, under the mark of 180,000 that was expected.
August’s initial reporting of 176,000 jobs added was revised down to 159,000 jobs added. Both were disappointments, but no lower than we’ve seen for most of 2013. Even with today’s disappointing return, the September jobs numbers are the fourth highest of 2013, and August’s revised numbers the sixth highest.