ADP Reports Private Sector Employment Gains and Increased Compensation in September

According to the September ADP® National Employment Report™ released today (10-5-22), nonfarm private sector employment increased by 208,000 jobs in September, and annual pay was up 7.8% year-over-year. The ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Stanford Digital Economy Lab (“Stanford Lab”).

The jobs report and pay insights use ADP’s fine-grained, anonymized, and aggregated payroll data of over 25 million US employees to provide a representative picture of the labor market. The report details the current month’s total private employment change and weekly job data from the previous month. ADP’s pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period.

Adding additional background and her analysis, Dr. Nela Richardson, ADP’s chief economist, said, “We are continuing to see steady job gains. While job stayers saw a pay increase, annual pay growth for job changers in September is down from August.”