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Fundranker Blog—New Private Sector Jobs

New Private Sector Jobs

The new ADP National Employment Report released November 2 shows an improvement, albeit small, in the jobs picture. Private U.S. employers added 110,000 jobs in October, higher than the 101,000 jobs that economists expected. In addition, the number of private sector jobs added in September was revised upward to 116,000 from 91,000 previously reported. A separate report showed that planned layoffs decreased significantly in October. These three positives are small in comparison to the overall dismal jobs picture, but they are at least a move in the right direction and a welcome sign that points toward an improving economy.

Posted 11/2/11 6:25pm ET in Economy