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ADP: US private sector added 86,000 jobs in October

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Image: Fox Business

Payroll processing firm ADP reported that the US private sector added 86,000 jobs in October, above economists' estimate of 69,000 and in line with the prior month's revised figure. Trade, transportation and utilities led job creation with 39,000, followed by education and health services with 28,000 and leisure and hospitality with 19,000. Professional and business services lost 27,000 jobs.

In 30 seconds

  • The US private sector created 86,000 jobs in October, above the 69,000 expected by economists.
  • Trade, transportation and utilities added 39,000 positions; education and health services, 28,000; leisure and hospitality, 19,000.
  • Professional and business services shed 27,000 jobs and natural resources and mining lost 8,000.
Read the full story at Fox Business

IASummary generated by artificial intelligence from a story by Fox Business. It may contain errors: the original source prevails.

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