ADP said private employers added 147,000 new workers to the payrolls last month, the smallest private sector jobs increase reported by the payroll processing and HR services company since April.
Economists were expecting the ADP National Employment Report would show an increase in the range of 165,000 to about 170,000. However, ADP, and its reporting partner Moody’s Analytics, revised up the report for September, raising the initial 154,000 new job count to a year’s high of 202,000.
Friday, the Labor Department is due to release the government’s more comprehensive employment reportfor October. Economists expect it will show a combined private and government growth of about 175,000 new jobs.
