US private payrolls growth picks up in September, ADP says

WASHINGTON, Sept 30 (Reuters) - ‌US private ​payrolls ​growth accelerated in September, the ADP National Employment Report showed on Wednesday.

Private employment rose ‌by 90,000 jobs this month after a downwardly ⁠revised 36,000 in August. Economists polled by Reuters had forecast ‌private employment increased by ‌70,000 after a previously reported 38,000 advance in August.

The ADP report is jointly developed with the ​Stanford Digital Economy Lab, and was published ahead of the Bureau of Labor Statistics' more comprehensive ⁠and closely watched employment report for September on Friday.

ADP has been ​a poor gauge of the BLS' private payrolls estimate. The BLS reported on Tuesday that ​there were 1.01 open jobs ‌for every unemployed person in August, slightly down from 1.06 in July. Economists ⁠view the labor market as stable.

The BLS is likely to report that private payrolls increased by 85,000 jobs ⁠in September after surging 127,000 in August, according to a ​Reuters survey of economists. Nonfarm payrolls are expected to have advanced by 90,000 jobs after accelerating 162,000 in August.

The unemployment ‌rate is forecast holding steady at 4.1% for a third straight month, though ‌risks are tilted to the upside. A Conference Board ⁠survey on Tuesday ‌showed a deterioration in ​consumers' perceptions of the labor market in September.

(Reporting by Lucia Mutikani; Editing by Chizu ‌Nomiyama)

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