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October ADP US Private Payrolls Rise More Than Expected Ahead of BLS Data

October ADP US Private Payrolls Rise More Than Expected Ahead of BLS Data

MT newswireMT newswire2026/11/04 12:33
08:33 AM EST, 11/04/2026 (MT Newswires) -- ADP's monthly measure of private payrolls showed an 86,000 increase in October, well above the expectations compiled by Bloomberg for an increase of 67,000. The October increase followed a downwardly-revised 86,000 jobs gain in September. By sector, goods-producing jobs rose by 4,000, while trade, transportation and utilities jobs were up 39,000, education and health services jobs were up 28,000 and leisure and hospitality jobs were up 19,000. "Employers of all sizes were hiring last month, and our data suggests that job-changers were lured by a combination of bonuses, overtime, and more hours in addition to higher base pay," said Nela Richardson, chief economist at ADP. "Taken together, earnings growth for these workers hit its fastest pace since March 2024."
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