The employment increase was better than analysts had forecast and saw firms of all sizes add positions, with the bulk of the growth in the services sector.
The US private sector saw strong hiring in October, potentially a good sign for the upcoming government jobs reportNEW YORK - Private businesses hired 571,000 workers last month, payroll services firm ADP reported on Wednesday, the latest sign that the US economy is bouncing back from the Delta wave of COVID-19.
"The job market is revving back up as the Delta-wave of the pandemic winds down," said Mark Zandi, chief economist of Moody's Analytics, which collaborates with ADP on the report.The data is often seen as a preview of the Labor Department's official employment report, which is due out Friday and expected to show the world's largest economy added 400,000 jobs in October more than double the disappointing result in September as the Delta wave snarled businesses.
The dominant services sector added 458,000 positions, 185,000 of which were in the leisure and hospitality sectors.
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