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ADP: 213,000 private jobs created in July

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ADP: 213,000 private jobs created in July

Total slightly tops expectations; middle market gains modest.

Private sector employment increased by 213,000 jobs from August to September, according to payroll processing giant ADP. Middle market companies hired 48,000 new workers, which comprised 22.5% of the total.

Analysts had expected an increase of 210,000.

“It’s a positive sign for the economy to see the 200,000-plus trend continue.”

Goods-producing employment rose by 58,000 jobs in September, up from 42,000 jobs gained in August. Manufacturing added 35,000 jobs in September, the highest total in that sector since May 2010.

Service-providing employment rose by 155,000 jobs in September, down from 160,000 in August. Professional/business services contributed 29,000 jobs in August, down from 37,000 in August. Expansion in trade/transportation/utilities grew by 38,000, upfrom August’s 30,000. The 5,000 new jobs added in financial activities was down slightly from last month’s number.

"September’s jobs added number marks the sixth straight month of employment gains above 200,000,” said Carlos Rodriguez, president and chief executive officer of ADP. “It’s a positive sign for the economy to see the 200,000-plus trend continue.”

Mark Zandi, chief economist of Moody’s Analytics, said, "Job gains remain strong and steady. The pace of job growth has been remarkably similar for the past several years. Especially encouraging most recently is the increasingly broad base nature of those gains. Nearly all industries and companies of all sizes are adding consistently to payrolls.”

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