ADP Automatic Data Processing Inc

   By Lisa Beilfuss 
 

Private-sector payrolls in September rose at a solid pace that matched expectations, according to an employment survey released Wednesday.

Private payrolls in the U.S. increased by 200,000, said payroll processor Automatic Data Processing Inc. and forecasting firm Moody's Analytics. The report is based on data collected from ADP clients in addition to lagged government data.

Economists surveyed by the Wall Street Journal projected an increase of 200,000. The August gain was revised down to 177,000 from 185,000.

Job growth remains strong and broad-based, except in the energy industry, said Mark Zandi, chief economist of Moody's Analytics. "Recent global financial market turmoil has not slowed the U.S. job market, at least not yet," said Mr. Zandi.

While payrolls aren't rising quite as fast now as at their peak late last year, said Ian Shepherdson of Pantheon Macroeconomics, leading indicators of payroll growth--like jobless claims--remain firm. The September ADP result was in-line with the average this year.

The ADP report comes ahead of the Bureau of Labor Statistics' employment situation report, due out Friday morning. ADP lags the government's initial private payroll estimate by a month. Economists expect the BLS to report a 200,000 increase in September nonfarm payrolls, up from 173,000 in August, and estimate that the unemployment held at 5.1%, the lowest since April 2008.

Write to Lisa Beilfuss at lisa.beilfuss@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

September 30, 2015 08:45 ET (12:45 GMT)

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