ADP: Huge Service-Sector Gains Helped Private Payrolls Jump 43K In October

A decent ADP payrolls report… 43K private sector jobs were created in October, thanks to 70K+ gains in the service sector.

This is up big from a revised drop of 2K in September.

On CNBC, the head of ADP suggest that this could mean a reading of well over 150K new jobs when the official jobs report comes out in October.

Here’s the full table:

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And here’s the correlation between ADP and the BLS:

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