Overview
- ADP, which released its National Employment Report on Wednesday, said private employers added 86,000 jobs in October and revised September down to 86,000.
- ADP Pay Insights showed base pay up 3.2% year over year and gross pay up 4.7%, with job‑changers seeing larger gains than stayers.
- Job growth was uneven by industry as trade, transportation and utilities added 39,000 jobs and education and health added 28,000 while professional and business services lost 27,000.
- Hiring was split by firm size with medium employers adding the most jobs at 33,000 followed by small firms at 28,000 and large firms at 24,000.
- ADP’s estimate comes from anonymized payroll data covering over 26 million workers and is widely watched as an early read ahead of the BLS nonfarm payrolls, which economists expected to show a smaller October gain.