US companies added 365,000 jobs in October, missing economist estimates, ADP says - Business Insider

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US companies added 365,000 jobs in October, missing economist estimates, ADP says

The US added 365,000 private payrolls in October, according to ADP's monthly employment report.

The report precedes the US Bureau of Labor Statistics' monthly nonfarm payrolls report set for Friday release.The US private sector slowed its pace of hiring through October as the nation's labor market recovery stuttered. "The labor market continues to add jobs, yet at a slower pace, Ahu Yildirmaz, vice president and cohead of the ADP Research Institute,Read more:

The monthly private hiring report is seen as a preview of the government's nonfarm payrolls report, which is set for release Friday. Economists expect the Bureau of Labor Statistics to show the unemployment rate falling moderately from 7.9%. Payroll additions totaled 661,000 in the government's October report.

 

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So you’re getting dispatches from a disappeared egghead?

Economist we’re actually overly optimistic for jobs numbers which goes against the trend of their forecasts being overly pessimistic during this crisis. I guess after months of being too pessimistic they tried to see the glass half full instead of half empty

Good job Mr Missing

LiesAfterLies

this is terrible news

Where did he go missing

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