Inflation Alert! ADP National Employment Report: Private Sector Employment Increased by 113,000 Jobs in October; Annual Pay was Up 5.7% for stayers, 8.4% for job changers.
Wut Mean?:
* Private sector employment increased by 113,000 jobs in October.
* The jobs report provides a high-frequency, near real-time measure of U.S. employment based on actual payroll data from over 25 million U.S. employees.
* No single industry dominated hiring; education and health care took the lead from