U.S. Private Sector Job Growth Reverses September Decline Amid Government Shutdown
Private sector employers in the U.S. added an average of 14,250 jobs per week in October, marking a recovery from September's losses, according to preliminary data from ADP. The payroll services firm now plans to release a four-week employment report to fill the void left by the delayed government report due to the ongoing shutdown.
ADP's new weekly data aims to provide a dynamic, NEAR real-time view of labor market trends. October's figures suggest monthly job growth of approximately 55,000, a significant improvement over September's decline of 32,000 positions. However, these numbers remain unofficial and subject to revision.