ADP Reports Big Job Gains

ADP Employer Services released its monthly employment survey today and reported that businesses added 162,000 workers to their payrolls in September. ADP reported 10,000 net new construction jobs, 4,000 new factory jobs, and services adding 144,000 new workers. The private survey, released the day before the government jobs report, has missed the Labor Department report by an average of 66,000 over the past two years, according to Bloomberg. Last month, the Labor Department reported 96,000 new jobs were created in August, while ADP reported 201,000.