Following August’s slump in ADP employment growth (weakest since Oct 2017), September was expected to show a rebound and it did notably, rising 230k (vs +184k exp) against a revised +168k in August.

This is the strongest monthly job gain since February…

“The labor market continues to impress,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.

“Both the goods and services sectors soared. The professional and business services industry and construction served as key engines of growth. They added almost half of all new jobs this month.”