US private-sector employment rises 90,000 in September
SPY•U.S. private-sector employment rose by 90,000 in September; annual base pay growth held at 3.2%, and August job growth was revised down to 36,000 from 38,000.
1. Hiring and pay
Education and health services led September employment gains, and leisure and hospitality also expanded; financial activities and professional services contracted. Gross pay increased 4.7%. Job-changers’ base pay rose 4.8%, compared with 3.0% for job-stayers.
