U.S.: September private-sector jobs unexpectedly down 32,000…forecast was +50,000

"Data analysis issues based on the Labor Department dataset" explanation

Contrary to expectations that September U.S. private-sector jobs would slightly increase, they were recorded as a decrease of 32,000.

On the 1st (local time), ADP Research, a U.S. payroll processing company, announced that private-sector employment in September decreased by 32,000 following a 3,000 decline in August. The Wall Street Journal's estimate was an increase of 43,000, and Bloomberg's aggregate estimate was an increase of 51,000.

However, ADP said this decrease was partly due to a data analysis issue.

ADP uses the Quarterly Census of Employment and Wages (QCEW), a broad data set from the Bureau of Labor Statistics, to measure national employment distribution by industry, state, and firm size. QCEW is based on state unemployment insurance tax records and covers almost every job in the United States.

Nonetheless, ADP said the trend of declining private-sector hiring remains unchanged and that job creation continues to slow in most sectors.

Because of the U.S. federal government shutdown, this week's ADP employment report is likely to be the only report available to investors.

Kim Jeong-ah, contributing reporter kja@hankyung.com