ADP: 235,000 Jobs Added in October

The non-farm private sector added 235,000 jobs in October, according to the ADP National Employment Report. September’s figure was revised down from 135,000 to 110,000.

Small businesses with fewer than 50 employees gained 79,000 jobs. Medium-sized businesses with 50-499 employees created 66,000, while large businesses added 90,000 jobs.

Ahu Yildirmaz, vice president and cohead of the ADP Research Institute, said, “The job market remains healthy and hiring bounced back with one of the best performances we’ve seen all year. Although the service providing sector was hard hit last month due to the weather, we saw significant growth in professional services, especially in the higher paid professional technical jobs. Additionally, small businesses rebounded well from the impact of Hurricanes Harvey and Irma, posting very strong gains.”

Service-providing employment rose by 150,000 jobs, driven by the professional and business services sector which added 109,000, but it was somewhat offset by the trade, transportation, and utilities index shedding 50,000. The health services sector had a robust report, adding 44,000 jobs. Goods-producing employment grew by 85,000 jobs. The manufacturing industry gained 22,000, while the construction sector surged, adding 62,000 jobs.

Read the ADP report.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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