Market Updates
Private Sector Jobs Expands in October Led by Services
Brian Turner
02 Nov, 2022
New York City
Private sector payrolls expanded in October, reflecting labor market strength, according to the ADP survey.
Companies added 239,000 jobs in October from the revised 192,000 positions in September.
overall wages rose 7.7% in October from a year ago but fell 0.1% from the previous month.
Service sector jobs increased 247,000 but goods producing companies trimmed 8,000 jobs in October. Hospitality, travel and entertainment companies led the increase with 210,000 additions.
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