Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Private Sector Added 130,000 Jobs In October

ROSELAND, N.J., Oct. 30 (UPI) — U.S. private-sector employment rose by 130,000 jobs in October, shy of the 150,000 economists expected, Automatic Data Processing said Wednesday.

Adding to the disappointment, ADP dropped its September estimate of new jobs from 166,000 to 145,000 and its estimate for August from 159,000 to 151,000.

In October, ADP said firms with under 50 employees added 37,000 jobs in the month, while companies with at least 500 on the payroll added 81,000. Mid-sized firms gained 13,000 jobs in the month, ADP said.

The figures are a stark reversal from early in the economic recovery, when small businesses were responsible for the lion’s share of the hiring.

ADP said goods producing firms added 24,000 jobs in October, while the service sector added 107,000.

Construction companies added 14,000 jobs in the month, while manufacturing firms added 5,000. Companies listed under trade, transportation and utilities added 40,000 jobs, while financial firms lost 5,000 positions in October.

Professional and business services jobs rose by 20,000 in the month, ADP said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Private Sector Added 130,000 Jobs In October”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.