Overview
- The October gain outpaced forecasts, which had called for roughly 28,000 to 37,500 new private-sector jobs.
- ADP revised September’s drop to 29,000 from a previously reported 32,000, following August’s small decline.
- Year-over-year pay growth stayed unchanged at 4.5% for job-stayers and 6.7% for job-changers, according to ADP Pay Insights.
- Education and health care and trade, transportation and utilities added jobs, while professional and business services, information, and leisure and hospitality shed positions.
- ADP’s report draws on payroll data for more than 26 million private workers, yet economists stress it can diverge from the BLS count, which remains delayed during the shutdown.