Preliminary data released by payroll services firm ADP (ADP) shows that private sector employers in the U.S. added an average 14,250 new jobs per week during October.
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The job gains in October are a reversal from the negative hiring trend seen in September of this year. Seeking to fill a void created by the U.S. government shutdown, ADP said it now plans to release a four-week, or monthly, employment report.
“ADP’s near real-time employment data, released weekly, will now provide an even clearer picture of the labor market at this critical time for the economy… providing a dynamic view of job creation and loss at an unprecedented level of weekly detail,” said ADP in a written statement.
Government Report
The ADP employment report is different from the better-known and more closely followed monthly employment report that is released by the U.S. government. However, that report has been delayed by the shutdown in Washington, D.C. that is entering its fourth week.
The average 14,250 weekly job increase during October suggests monthly job growth totaled around 55,000 for the month. That would be an improvement over September’s loss of 32,000 jobs. However, the ADP numbers are not official government data and subject to revisions.
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