US ADP
Details:
- small (less than 50 employees) +19K vs +95K prior
- medium firms (500 – 499) +78K vs +72K prior
- large (greater than 499 employees) +18K vs -83K prior
Changes in pay:
- Job stayers 5.7% vs 5.9% prior
- Job changers 8.4% vs 9.0% prior
“No single industry dominated hiring this month, and big post-pandemic pay increases seem to be behind
us,” said Nela Richardson, chief economist, ADP. “In all, October’s numbers paint a well-rounded jobs
picture. And while the labor market has slowed, it’s still enough to support strong consumer spending.”
The US dollar softened after the data, though only modestly.