US private payrolls up 571,000 in October - ADP

Wednesday, 03. November 2021 13:15

The number of jobs in the United States private sector rose by 571,000 in October compared to September, according to the National Employment Report released by Automatic Data Processing Inc. (ADP) on Wednesday.

Large companies hired 390,000 new employees, ahead of small businesses with 115,000 and midsized firms with 114,000. New employment in the service-providing sector grew by 458,000, while the goods-producing sector documented 113,000 new jobs.

"The labor market showed renewed momentum last month, with a jump from the third quarter average of 385,000 monthly jobs added, marking nearly 5 million job gains this year," ADP Chief Economist Nela Richardson noted.

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Baha Breaking News (BBN) / MS