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US: ADP Employment Change rises 239K in October

Adel 2 November, 2022 4:49 pm Forex Market, Market Update

The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 239,000 in October. This reading came in better than the market expectation of 193,000. September print of 208,000 got revised down to 192,000.

Commenting on the data, “this is a really strong number given the maturity of the economic recovery but the hiring was not broadbased,” said Nela Richardson, chief economist, ADP.

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