Private sector employment in the U.S. rose by more than expected in the month of September, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday. The report said private sector employment increased by 162,000 jobs in September compared to economist estimates for an increase of about 140,000. At the same time, ADP said the job growth in previous months was revised lower, with the July growth reduced by 17,000 to an increase of 156,000 jobs and the August growth lowered by 12,000 to an increase of 189,000 jobs. Peter Boockvar, managing director at Miller Tabak, said, "Bottom line, while the 162,000 job gain was the smallest in 4 months, it was better than feared and points to a continued steadiness in the unemployment rate." "The caveat though is job growth is a lagging indicator and will the slowdown in economic growth in part due to very limited visibility slow this pace further," he added. The job growth in September was partly due to the addition of 144,000 jobs in the service sector, although that represents a slowdown compared to the addition of 175,000 service sector jobs in August. ADP said the goods-producing sector added 18,000 jobs in September following an increase of 14,000 jobs in the previous month. Manufacturing employment increased by 4,000 jobs. The report said construction employment rose by 10,000 jobs, reflecting the strongest job growth since March, when mild winter weather boosted construction activity.