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U.S. private-sector job growth slows to 182,000 in October

Xinhua, November 5, 2015 Adjust font size:

The U.S. private sector added 182,000 jobs in October, lower than September's figure but still beat market's estimates, said a private survey released Wednesday, noting that the job market remained healthy.

U.S. private companies added 182,000 jobs in October, down from 190,000 jobs in September, said the National Employment Report released jointly by Automatic Data Processing (ADP) and Moody's Analytics, based on a monthly survey.

"Firm size contributions to October employment gains returned to the same pattern we had been seeing for some time prior to September as small businesses rebounded to account for almost half the jobs added," said Ahu Yildirmaz, head of the ADP Research Institute.

"The economy is creating close to 200,000 jobs per month. Job gains are broad based with energy and manufacturing alone subtracting from the top line," said Mark Zandi, chief economist of Moody's Analytics.

In October, small and medium-sized businesses accounted for most of the employment gains, adding 153,000 jobs, while large businesses with more than 500 employees added 29,000 jobs, according to the report.

Employment in the service sector rose by 158,000 jobs in October, down from 182,000 in September. Meanwhile, the manufacturing sector continued losing jobs by 2,000, after shrinking 17,000 in the prior month.

The ADP survey studied data from private businesses with more than 23 million workers on payrolls but excludes government job growth. Enditem