‘Rip-roaring hot’ jobs market sees private payrolls surge by 230,000, highest since February

Private payrolls rose by 230,000 in September, according to the most recent count by ADP and Moody’s Analytics. That was well ahead of expectations for 185,000 and the 168,000 jobs reported in August. Moody’s economist Mark Zandi said the current pace suggests an unemployment rate of close to 3 percent...