Good news – we will take. The added new jobs beat the predictions by the ADP National Employment Report for October.
US private sector added 110,000 jobs in October
U.S. private-sector employers added 110,000 jobs in October, beating economists’ expectations, a report by a payrolls processor showed Wednesday.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 101,000 jobs. September’s private payrolls were revised up to an increase of 116,000 from the previously reported 91,000.
The report, which is jointly developed with Macroeconomic Advisers LLC, gives some hope ahead of the release of the key U.S. jobs report from the government, which is due Friday morning and forecast to show the economy created 95,000 jobs last month.
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