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Companies Added 568,000 Jobs in September

The monthly report revealed that Companies added 568,000 jobs in September on Wednesday by payroll processing firm ADP. Economists were expecting job growth to reach 425,000 in September.

ADP Chief Economist Nela Richardson said the labor market recovery is continuing to make progress despite having a slowdown in the second quarter.The leisure and hospitality sectors led job creation with 226,000 new hires after being hit hard during the ongoing pandemic and struggling to regain traction after the economic reopening.

Many Hotel-based Companies and larger chains with 500 or more employees have created 390,000 new jobs. According to the report, other businesses with 50 or limited workers added 63,000 jobs and medium-sized Companies added 115,000 new jobs.The report also added that service-based Companies contributed 466,000 new jobs with education and health services adding 66,000 new jobs, professional and business services creating 61,000 new jobs, and trade, transportation and utility businesses adding 54,000 new jobs.

The report comes during the concerns about the continuing spread of the highly contagious delta variant and fears about the economic growth slowing down heading into the fall season. According to data from the Centers for Disease Control and Prevention, the U.S. averaged 97,909 new coronavirus cases in seven days through Monday.

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