Wednesday, October 30, 2013

Private Sector Gains 130,000 in October

ADP, which precedes the BLS numbers, put out the numbers today and they were slightly less than expected. 

Job growth faltered in October, with the private sector adding just 130,000 new positions, according to the latest report from ADP and Moody's Analytics.
Economists expected ADP to show private business created 150,000 new jobs in October. The actual count represented a downward drift from September's number, which was revised lower from 166,000 to 145,000.
The BLS numbers are scheduled to come out on Friday. 

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