The ADP National Employment Report, issued on Wednesday, showed that the pace of job growth in the American private sector will accelerate during September 2026.
Employment in the private sector increased by 90,000 jobs during the month, after last August’s data was revised downwards, to show an increase of 36,000 jobs. Economists polled by Reuters had expected an increase of 70,000 jobs, compared to the increase of 38,000 jobs previously announced for August.
The ADP report is issued in collaboration with the Digital Economy Lab at Stanford University, and was published ahead of the release of the most anticipated and comprehensive employment report for September by the US Bureau of Labor Statistics on Friday.
The ADP report has long been an inaccurate indicator of the Bureau of Labor Statistics' estimates of private sector job growth. The Office reported on Tuesday that there were 1.01 job vacancies for every unemployed person last August, a slight decrease from the 1.06 rate recorded last July, while economists believe that the labor market is characterized by stability.
The Bureau of Labor Statistics is likely to announce an increase of 85,000 jobs in the private sector during September 2026, after a jump of 127,000 jobs last August, according to a Reuters poll of the opinions of economists. Total non-farm payrolls are also expected to rise by 90,000 jobs, after an increase of 162,000 jobs in August.
The unemployment rate is expected to remain stable at 4.1 percent for the third month in a row, although there are risks that tend to rise. A survey conducted by the Conference Board for Economic Research on Tuesday showed a decline in consumers’ outlook on the labor market during September.
The Saudi consumer is rapidly moving to reduce his dependence on cash, with the expansion of the use of digital payments in sectors of daily life, from groceries to entertainment and electronic games, in a shift driven by a young population base, the widespread spread of smartphones, and the development of the payments infrastructure.
Grocery stands out as one of the sectors that has benefited most from this transformation, after digital spending grew by 18 percent over the past year, while spending on electronic games exceeded global averages, an indication of the expansion of the digital economy and changing consumption habits in the Kingdom.
The total value of digital transactions in the Gulf countries is expected to grow at an annual rate of 8.7 percent between 2024 and 2028, reaching $178 billion, according to the Oxford Business Group (OBG), amid an expansion in the use of digital wallets, money transfer applications, and non-cash payment methods.
In this context, Mohamed Nana, Senior Vice President of Digital Partnerships in the Eastern Europe, Middle East and Africa region at MasterCard, said in exclusive statements to Asharq Al-Awsat that this growth is driven by the digital transformation visions adopted by the countries of the region, in addition to the launch of the “Bunna” system for regional Arab payments, which is wholly owned by the Arab Monetary Fund and supported by Arab central banks, and aims to reshape cross-border payments and enhance economic integration regionally and globally.
Nana pointed out that MasterCard has made the “MasterCard Move” wallet available for money transfer solutions via “Bunna,” as part of a cooperation that is the first of its kind between the public and private sectors, noting that the company is focusing in Saudi Arabia on supporting the growth of the digital economy through technology and secure infrastructure for payments and local partnerships.
In the context of the Saudi consumer, Mohammed explained that the adoption of a wider range of digital payment methods is accelerating in Saudi Arabia. In addition to consumers’ knowledge of solutions such as digital wallets, money transfer applications, biometric identification, and installment services, they have become more comfortable using them in their daily lives.
They are also making purchases in more diverse ways, including via voice assistants and social media platforms.
He said that this ongoing shift away from cash is driven by a young, technology-literate demographic, in addition to the widespread use of smartphones, while speed, security, ease, and a smooth payment experience are among the most prominent factors driving the adoption of digital payments.
He stressed that maintaining this momentum requires giving consumers confidence in using new payment methods, through secure technologies and an interconnected digital payments system.
Grocery stands out among the Saudi sectors that have witnessed remarkable growth in the use of digital payments, as the sector recorded an annual growth of 18 percent over the past year, driven by the expansion of digital platforms, price offers, delivery services, and integration with mobile phones.
Nana explained that the fashion and electronics sectors also recorded strong performance, with digital spending on electronic games exceeding global averages, an indication of the strength of the e-sports economy in the Kingdom, which is worth a billion dollars, and its development comes within the national strategy for games and e-sports.
In parallel with the growth in demand for digital payments, MasterCard is working to develop the local infrastructure for processing electronic transactions in Saudi Arabia. Nana said that the company, under the auspices of the Saudi Central Bank (SAMA), launched a technical infrastructure within the Kingdom supported by MasterCard Gateway, which allows e-commerce transactions to be processed locally.
He added that “MasterCard Gateway” has become part of “MasterCard Solutions for Merchants,” which is a payments platform that brings together the company’s services to help companies manage trade operations. He pointed out that last December, “MasterCard” obtained a certificate that allows it to process electronic transactions through the new payments interface for e-commerce affiliated with “SAMA.”
Nana pointed out that artificial intelligence has been an essential part of the MasterCard system for nearly two decades, and helps make every digital experience safer, smarter and more personalized for consumers and companies, and more efficient for customers and partners.
In Saudi Arabia, artificial intelligence represents an essential element in the strategic cooperation with “Riyadh Air” aimed at redefining the travel experience across multiple touchpoints, and an essential axis in the work of the company’s Cyber Resilience Center in Riyadh, to enhance its ability to detect and respond to complex cyber threats and fraud attempts.
Last August, the Saudi Tourism Authority and MasterCard signed a memorandum of understanding to cooperate in supporting the growth of the tourism sector in the Kingdom, and enhancing Saudi Arabia’s position as a global tourist destination, by launching campaigns and initiatives aimed at attracting international visitors from the targeted markets, in a way that supports the Kingdom’s goal of receiving 150 million visitors by 2030.
Nana said that the partnership with the Saudi Tourism Authority uses MasterCard’s data and insights to segment visitor segments, analyze spending, monitor travel trends, measure the impact of events, and predictive analytics, which helps guide marketing strategies and formulate policies.
He added that the company's goal is to design global campaigns and initiatives to attract international travelers from target markets, in integration with the “Priceless” platform, which promotes unique cultural experiences in various parts of the Kingdom.
The US Bureau of Economic Analysis raised its estimate for economic growth in the second quarter, in a review that showed that the largest economy in the world was stronger than the previous reading showed, despite the slow pace of growth compared to the first quarter.
In its third and final estimate of gross domestic product, the office affiliated with the Ministry of Commerce said that the economy grew at an annual rate of 2.2 percent during the period from April to June, compared to a previous estimate of 1.5 percent.
Despite the raised estimate, growth slowed from 2.5 percent in the first quarter, remaining below the pace of growth recorded at the beginning of the year. Economists on average expected to keep the growth estimate at 1.5 percent.
The annual review of the national accounts also showed an increase in the US economic growth estimate during 2025 to 2.3 percent, compared to 2.1 percent in the previous estimate.
The final reading for the second quarter comes at a time when the economy has shown its ability to maintain a positive growth pace despite the rise in energy prices and the unrest related to the war with Iran, while the initial reading of the economy’s performance in the third quarter will be on October 29.
Wednesday's report represents the final estimate of GDP growth in the second quarter, after the initial reading and second estimate were issued earlier.
