TIWN
Washington, Nov 4 (TIWN) Private companies in the US added 571,000 jobs in October, indicating a renewed momentum in the labour market recovery, payroll data company Automatic Data Processing (ADP) reported.
“Service sector providers led the increase and the goods sector gains were broad based,” said Nela Richardson, chief economist at ADP. Service sector saw a job gain of 458,000 in October, with 185,000 jobs added in leisure and hospitality, according to the report, which was produced by the ADP Research Institute in collaboration with Moody’s Analytics, reports Xinhua news agency. Richardson noted that large companies fuelled the stronger recovery in October, with a job gain of 342,000. Medium and small businesses added 114,000 and 115,000 jobs, respectively.
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