RPT-US private sector adds 43,000 jobs in October – report

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NEW YORK, Nov 3 (BestGrowthStock) – U.S. private employers added
43,000 jobs in October compared to a revised loss of 2,000 jobs
in September, a report by a payrolls processor showed on
Wednesday.

The September figure was originally reported as a loss of
39,000.

The median of estimates from 35 economists surveyed by
Reuters for the ADP Employer Services report, jointly developed
with Macroeconomic Advisers LLC, was for a rise of 20,000
private-sector jobs in October.

The ADP figures come ahead of the government’s much more
comprehensive labor market report on Friday, which includes
both public and private sector employment.

That report is expected to show a rise in overall nonfarm
payrolls of 60,000 in August, based on a Reuters poll of
analysts, but a rise in private payrolls of 75,000. [ECI/US]

Economists often refer to the ADP report to fine-tune their
expectations for the payrolls numbers, though it is not always
accurate in predicting the outcome.
(Reporting by Nick Olivari; Editing by Theodore d’Afflisio)

RPT-US private sector adds 43,000 jobs in October – report