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04.11.2015 13:33 ADP Employment Report: private sector adds 182,000 jobs in October

Private sector in the U.S. added 182,000 jobs in October, according the ADP report on Wednesday. September's figure was revised down to 190,000 jobs from a previous reading of 200,000 jobs.

 

Analysts expected the private sector to add 180,000 jobs.

 

Services sector added 158,000 jobs in October, while goods-producing sector added 24,000 jobs.

 

The manufacturing sector lost 2,000 jobs in October. It was second consecutive monthly loss.

 

"Job growth as measured by the ADP Research Institute is not slowing meaningfully in contrast with the recent slowdown in the government's data. The economy is creating close to 200,000 jobs per month," the Chief Economist of Moody's Analytics Mark Zandi said.

 

Official labour market data will be released on Friday. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 5.1% in October. The U.S. economy is expected to add 180,000 jobs in October, after adding 142,000 jobs in September.



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