Private sector gains 130,000 jobs in October

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New Jersey-based ADP said U.S. private-sector employment increased by a disappointing 130,000 in October, lower than the downwardly revised 145,000 gain in September. The number also missed.

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Average hourly earnings fell by one cent in October to $26.53 an hour. Economists had expected a slight monthly gain. The release of October’s figures comes a day after Trump announced a new tax plan.

The private. sector jobs, according to Action Economics’ survey. They expect the Labor Department’s closely watched survey on Friday to show 225,000 payroll gains by businesses, as well as federal,

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U.S. private-sector employers hired the fewest workers in six months in October while tepid domestic demand kept inflation benign last month, suggesting the economy was still in need of stimulus.

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Employers in the private sector added 130,000 new jobs to their payrolls this month, the adp national employment report showed Wednesday. That was the lowest reading since April and was below.

Private sector employment in the United States increased by 130,000 jobs from August 2013 to October 2013 led by a gain of 81,000 jobs in large businesses, according to the October 2013 ADP National Employment Report produced by Automatic Data Processing, Inc. (ADP) in collaboration with Moody’s Analytics.

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