Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
The private sector added more than 135,000 jobs in September, surpassing expectations of 125,000, according to a report released Wednesday by ADP and Moody's Analytics.
Why it matters: The numbers come "amid growing concerns over the strength" of the job market, which has seen hiring slow significantly in 2019, per CNBC. The year's current monthly average for private sector hiring is now 145,000 — down sharply from 214,000 for the same time period last year.
- What they're saying: Mark Zandi, a chief economist at Moody's, said, "Businesses have turned more cautious in their hiring. Small businesses have become especially hesitant. If businesses pull back any further, unemployment will begin to rise."
Go deeper: The results from last month's jobs report