ADP Report Shows Private Sector Added 86,000 Jobs in October
Private-sector employment remained steady in October, with ADP reporting an addition of 86,000 jobs. This figure matched September's revised totals and slightly exceeded the Dow Jones estimate of 75,000. Growth was primarily driven by the service sector, specifically within trade, transportation, utilities, education, and health services. Despite the overall gains, certain sectors faced contractions, including professional and business services and information-related firms. Notably, job changers experienced significant wage growth of 4.8% annually, fueled by increased labor mobility as quit rates reached their highest levels since March 2025. This data serves as a preliminary indicator ahead of the official Bureau of Labor Statistics nonfarm payrolls report.
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Topics: ADP National Employment Report job growth private sector employment wage growth
Part of the story ADP National Employment Report Shows 86,000 Private-Sector Jobs Added in October (6 articles)