Private sector job growth rose to 143,000 in September, beating expectations: ADP

The U.S. private sector added more jobs than expected in September as the labor market bounced back after showing signs of cooling in recent months, according to the ADP National Employment Report released Wednesday morning.

Companies added 143,000 jobs in September – more than the 120,000 gain predicted by LSEG economists. The report also revised August's jobs gains upward from 99,000 to 103,000.

ADP found that workers' pay gains, which can contribute to inflation, slowed to a year-over-year increase of 4.7% for job-stayers...