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ADP National Employment Report increased by 125,000 jobs in October
Private sector employment increased by 125,000 jobs from September to October according to the October ADP National Employment Report®.
“While job growth continues to soften, there are certain segments of the labor market that remain strong,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “The goods producing sector showed weakness; however, the healthcare industry and midsized companies had solid gains.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth has throttled way back over the past year. The job slowdown is most pronounced at manufacturers and small companies. If hiring weakens any further, unemployment will begin to rise.”
Posted: October 30, 2019 Wednesday 08:15 AM