News · CNBC

Private companies added 86,000 jobs in October, slightly higher than expected, ADP says

Private-sector job growth held steady at 86,000 jobs in October, matching the downwardly revised September figure and slightly above the Dow Jones estimate of 75,000, according to ADP. Trade, transportation and utilities added 39,000 jobs, education and health services 28,000, and leisure and hospitality 19,000. Professional and business services fell by 27,000 and natural resources and mining by 8,000. Pay for job-changers rose 4.8% annually, and a BLS report showed quits hit their highest level since March 2025. The BLS nonfarm payrolls report is due Friday, with Dow Jones economists expecting a gain of 59,000 after September's 29,000.

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