U.S. Private-Sector Employment Rose by 86,000 in October, Above 67,000 Forecast

ADP reported that U.S. private-sector employment increased by 86,000 in October, exceeding economists’ expectation of 67,000. According to Sina Finance, data from the ADP Research Institute and Stanford Digital Economy Lab showed that September’s increase was revised to 86,000; forecasts from 26 economists ranged from 58,000 to 122,000. Employment in goods-producing industries rose by 4,000, while service-sector employment increased by 82,000.