Get All Access for $5/mo

Private Sector Hiring Still Dragging America's largest and smallest employers led continued modest job creation in September, with much of the private sector continuing to show a hesitancy to hire.

By Ray Hennessey Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Yahoo Homes

America's largest and smallest employers led continued modest job creation in September, with much of the private sector continuing to show a hesitancy to hire.

Private-sector payrolls rose just 166,000 in September, well below the 180,000 economists expected from the ADP National Employment Report. It is yet another weak data point for the national employment situation, which has yet to recover even as some other economic figures have improved.

Any job growth was split between the nation's very biggest and very smallest companies. Small businesses, defined by ADP as those with fewer than 50 workers, reported a rise in payrolls of 74,000 in the month, buy 46,000 of those came from companies with fewer than 20 employees.

Related: Amazon to Hire 70,000 Seasonal Workers With Hopes of Converting Many Into Full-Timers

On the flip side, companies with north of 1,000 workers added 59,000 jobs – and unusually high number, given that small business has been the primary driver of payrolls in recent years.

In between, the job market remained flaccid. Medium-sized businesses, defined by ADP as those with between 50 and 499 employees, added just 28,000 jobs nationwide in September.

The service sector continued to drive most job growth, though construction and manufacturing saw modest gains. The financial sector saw job loss of 4,000 payrolls in September, which ADP suggested may be tied to talk of higher interest rates.

Typically, the ADP report is one of two key employment data points released during the first week of each month, but it won't be sharing the spotlight this time around. The Labor Department is not expected to release its monthly report on the federal employment situation because of the government shutdown.

Related: How to Jump From Startup to Startup Without Hurting Your Career

Ray Hennessey

Former Editorial Director at Entrepreneur Media

Ray Hennessey is the former editorial director of Entrepreneur.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.