Summary:
ADP reported private job creation hit a year-high in October, despite storms in the Southeast and major labor disruptions.
Nov ADP
4/12/2024 (Wed)
Previous (Oct): 233k Forecast: 150k
Private job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labour disruptions, ADP reported.
The report showed other sign of the labour market holding up with growth in wages of 4.6% from a year ago. But job creation was strongly concentrated in companies with 500 or more employees.
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