Wednesday, November 5, 2014

ADP: Private Sector Added 230,000 Jobs in October

According to the ADP’s National Employment Report, the private sector added 230,000 jobs in October. The pace of job growth improved from 225,000 in September and has been above 200,000 in 6 of the last 7 months, indicative of a healthy and growing labor market.

Job gains continued to be centered in the service sector, which added 181,000 jobs last month. The goods sector also had a second strong month, adding 48,000 jobs at the second fastest pace this year. The growth was driven by 53,000 new jobs in professional and business services.

Read the ADP release.

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