US ADP September employment +208K vs +200K expected

• Prior was +132K (revised to +185K)
• Annual pay up 7.8%

This survey has been relaunched and is no longer designed to predict non-farm payrolls Nonfarm Payrolls Nonfarm Payrolls (NFP) is the single biggest monthly economic news indicator released out of the United States, usually on the first Friday of every month. Reported by the US Bureau of Labor Statistics, the NFP measures the increase or decrease in the number of people employed during the previous month, except for those working in the farming and agriculture industry.The NFP can also be referred to as an Employment Change, and is the most anticipated monthly report. As it's released at the begin Nonfarm Payrolls (NFP) is the single biggest monthly economic news indicator released out of the United States, usually on the first Friday of every month. Reported by the US Bureau of Labor Statistics, the NFP measures the increase or decrease in the number of people employed during the previous month, except for those working in the farming and agriculture industry.The NFP can also be referred to as an Employment Change, and is the most anticipated monthly report. As it's released at the begin Read this Term. Instead, its aim is to offer a corrolary survey of the US jobs picture.

This number is basically right on expectations and show an economy that's treading water along with demographics.

"There are signs that people are returning to the labor market. We're in an interim period where we're going to continue to see steady job gains. Employer demand remains robust and the supply of workers is improving--for now," said Nela Richardson
Chief Economist at ADP.

Much of the jobs growth was concentrated in 'trade, transportation and utilities' which were up 147K followed by 'professional and business services' at +57K. The drags were 'information' at -19K and 'financial activities' at -16K.