ADP · News · 20260930N

Macroeconomic Factors Impact

AUTOMATIC DATA PROCESSING INC · 2026-09-30 · Importance 22 · Surprise 32 · In source text

ADP’s September National Employment Report showed U.S. private-sector employment increased by 90,000 jobs, rebounding from 36,000 in August after three months of slowing growth. Gains were concentrated in education and health care and leisure and hospitality, while financial activities and professional and business services weakened. Base pay rose 3.2% year over year and gross pay increased 4.7%, supporting expectations that resilient labor conditions could reinforce a hawkish Federal Reserve outlook and affect the path of interest rates.

Key facts

• ADP reported private companies added a net 90,000 jobs in September, up from a revised 36,000 jobs added in August. source
• Base pay for private-sector workers rose by 3.2% year over year. source
• Gross pay for private-sector workers increased by 4.7% year over year. source
• Private-sector employment in the U.S. increased by 90,000 jobs in September. source
• Private-sector employment in September rebounded after three months of slowing growth. source
• The September private-sector employment growth was driven by the education and health care and leisure and hospitality sectors. source
• Financial activities and professional and business services showed weakness in September private-sector employment. source
• Job-changers experienced higher pay growth than job-stayers in the private sector year over year. source

Impact estimates