US private payrolls grew by 90,000 in September, ADP report shows

US private sector employment growth accelerated in September, with 90,000 jobs added, according to the ADP National Employment Report released on Wednesday. This figure surpassed economists' expectations of 70,000 jobs and marked an increase from the revised 36,000 jobs added in August. The ADP report, jointly developed with the Stanford Digital Economy Lab, is often seen as a precursor to the more closely watched Bureau of Labor Statistics (BLS) employment report, due on Friday. Historically, ADP has been an unreliable gauge of the BLS' private payrolls estimate. The BLS previously reported that in August, there were 1.01 open jobs for every unemployed person, a slight decrease from 1.06 in July, indicating a stable labor market. Economists surveyed by Reuters anticipate the BLS will report an increase of 85,000 private payroll jobs for September, following a 127,000 increase in August. Nonfarm payrolls are expected to have risen by 90,000 after a 162,000 advance in August. The unemployment rate is forecast to remain steady at 4.1% for the third consecutive month, though upside risks exist. A separate survey by the Conference Board indicated a decline in consumer perceptions of the labor market during September.