ADP counts a September private payroll gain of 162,000 jobs

Services businesses–not goods-producing firms–are the jobs juggernauts of the moment. MarketWatch reports that private payrolls expanded by 162,000 in September, according to payrolls processing firm ADP. The figure beat consensus forecasts by 6%. Friday’s Labor Department employment report on nonfarm payrolls, which also includes government jobs that the ADP report excludes, will be the market-maker data point, and could impact presidential election momentum one or another