ADP News Release (11/01/23)
Private sector employment increased by 113,000 jobs in October and annual pay was up 5.7% year-to-year, according to the October ADP National Employment Report. “No single industry dominated hiring this month, and big post-pandemic pay increases seem to be behind us,” said Nela Richardson, chief economist ADP. “In all, October’s numbers paint a well-rounded jobs picture. And while the labor market has slowed, it’s still enough to support strong consumer spending.”
This article originally appeared on mediacenter.adp.com. Use this link to see the full article: ADP National Employment Report: Private Sector Employment Increased by 113,000 Jobs in October; Annual Pay was Up 5.7%
