US private payrolls rise in October, ADP says
SPY•US private employment rose by 86,000 jobs in October, matching the downwardly revised September gain and exceeding economists’ forecast of 69,000.
SPY•SPY•SPY•US private employment rose by 86,000 jobs in October, matching the downwardly revised September gain and exceeding economists’ forecast of 69,000.
Private employment rose by 86,000 jobs in October after a downwardly revised gain of 86,000 in September. Economists had forecast an October increase of 69,000 jobs.
The ADP report was published ahead of the Bureau of Labor Statistics’ October employment report, due Friday. Economists surveyed expected BLS private payrolls to increase by 64,000 jobs, nonfarm payrolls to rise by 65,000 and the unemployment rate to remain at 4.2%.
