US: Private sector employment increased by 235,000 jobs from Sep to Oct - ADP

Eren Sengezer FXStreet

"Private sector employment increased by 235,000 jobs from September to October," the ADP announced on Wednesday.

Key takeaways:

Ahu Yildirmaz, vice president and co-head of the ADP Research Institute: "The job market remains healthy and hiring bounced back with one of the best performances we’ve seen all year.”
- “Although the service providing sector was hard hit last month due to the weather, we saw significant growth in professional services, especially in the higher paid professional technical jobs."
- "Additionally, small businesses rebounded well from the impact of Hurricanes Harvey and Irma, posting very strong gains.”

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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