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ADP report October 2026: Private sector adds 86,000 jobs
Fox Business • • business
Key Points:
- Private sector companies added 86,000 jobs in October, surpassing economists' expectations of 69,000 and matching the revised figure from the previous month, according to ADP's report.
- Job growth was driven by trade, transportation, and utilities (39,000 jobs), followed by education and health services (28,000), and leisure and hospitality (19,000).
- Financial activities, construction, and other services also saw job gains, while professional and business services, natural resources and mining, information, and manufacturing experienced job losses.
- Large businesses (500+ employees) added 24,000 jobs, mid-sized companies (50-499 employees) added 33,000, and small businesses (fewer than 50 employees) gained 28,000 jobs.
- ADP's chief economist noted that job-changers were attracted by bonuses, overtime, and higher base pay, leading to the fastest earnings growth since March 2024.
