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:


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


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at