US private payrolls miss expectations in October - ADP

[admin]

U.S. private payrolls increased far less than expected in October, but that likely understates the health of the labor market, which remains tight. Private payrolls rose by 113,000 jobs last month, the ADP National Employment Report showed on Wednesday. The ADP report, jointly developed with the Stanford Digital Economy Lab, was published ahead of the release on Friday of the Labor Department's more comprehensive and closely watched employment report for October.