Private sector companies in the United States created 143,000 jobs in September, a figure up significantly from August, also higher than expectations, according to the monthly ADP/Stanford Lab survey published Wednesday.
ADP also revised the creations for the month of August upwards, to 103,000 jobs instead of 99,000 initially announced.
The September data exceeds the expectations of analysts, who envisaged an acceleration, but rather of the order of 120,000 jobs, according to the consensus published by briefing. com.
This is the first increase after four consecutive months of decline for monthly job creations.
“This is only 10,000 jobs more than the average of the last six months”, however put into perspective in a note the chief economist of Pantheon Macroeconomics, Samuel Tombs, “we think that we should not give too much of importance to these estimates”, in particular on the impact that this would have on the choices of the Federal Reserve (Fed).
However, “the increase in hiring did not necessitate stronger wage growth last month,” observed ADP chief economist Nela Richardson, quoted in the press release.
“Generally speaking, employees who change jobs experience faster growth in their income. But for employees who remain in their jobs, the increase was only 1.9%, equaling the lowest observed last January,” she added.
Over one year, the increase in wages for employees who keep their jobs was 4.7% in September, a rate higher than inflation which was 2.2% over one year in August, according to the index PCE favored by the Fed.
For employees changing jobs, the increase remains more marked, of around 6.6% over one year.
In detail, the sectors which have created the most jobs are education and health, hotels and restaurants, business services and construction.
The information sector is the only one that saw a notable decline, with 10,000 fewer jobs in September.
If companies with more than 500 employees account for a large majority of the jobs created, VSEs and SMEs with fewer than 20 employees had a significantly more difficult month of September, with 13,000 jobs lost.