{"id":91860,"date":"2023-11-01T18:01:00","date_gmt":"2023-11-01T14:01:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=91860"},"modified":"2023-11-01T18:18:02","modified_gmt":"2023-11-01T14:18:02","slug":"us-private-sector-employment-rises-113000-in-october","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-private-sector-employment-rises-113000-in-october\/11\/01\/market-updates\/","title":{"rendered":"US private sector employment rises 113,000 in October"},"content":{"rendered":"\n<p>According to data released by Automatic Data Processing (ADP) on Wednesday, private sector employment in the US saw a modest increase of 113,000 jobs in October. This figure, although below market expectations of 150,000, marks a slight improvement from the 89,000 jobs added in September.<\/p>\n\n\n\n<p>Analyzing the survey results, Nela Richardson, chief economist at ADP, noted that there was no dominant industry driving the hiring this month. She also highlighted that the substantial post-pandemic wage hikes appear to be a thing of the past. Richardson added, &#8220;October&#8217;s numbers present a balanced employment picture. Despite the slowdown in the labor market, it remains robust enough to sustain strong consumer spending.&#8221;<\/p>\n\n\n\n<p>Further insights from the report revealed a positive note, with annual pay showing a significant increase of 5.7% year-over-year in October. This data suggests a positive trend in wage growth, indicating stability and potential resilience in the job market despite the challenges faced.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to data released by Automatic Data Processing (ADP) on Wednesday, private sector employment in the US saw a modest increase of 113,000 jobs in October. This figure, although below market expectations of 150,000, marks a slight improvement from the 89,000 jobs added in September. Analyzing the survey results, Nela Richardson, chief economist at ADP, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7075,6853,6885,8143,7822,6854],"class_list":["post-91860","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-adp","tag-employment","tag-fed","tag-interest-rate-hikes","tag-labour-market","tag-private-sector"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=91860"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91860\/revisions"}],"predecessor-version":[{"id":91861,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91860\/revisions\/91861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33495"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=91860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=91860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=91860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}