Labor Market, Adp | featured news

Companies added 162,000 jobs in September, more than economists expected but still pointing to slow improvement in the labor market, data from a payrolls processor showed on Wednesday.

Private-sector jobs in the U.S. increased 209,000 last month, according to a national employment report published by payroll processor ADP. The gain was just above economists' median expectation of 200,000 contained in a survey done by Dow Jones Newswires.

The ADP report showed private employers added 206,000 jobs this month, prompting economists to raise their forecasts for the U.S. labor report on Friday.