US jobs growth jumps back up in October, 571,000 jobs added: ADP

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November 03, 2021

The US labor market showed renewed momentum last month, according to the ADP National Employment Report, released today. The US added 571,000 nonfarm, private-sector jobs in October, a jump from the third quarter average of 385,000 monthly jobs added and marking nearly 5 million job gains this year.

“Service-sector providers led the increase and the goods sector gains were broad-based, reporting the strongest reading of the year,” ADP Chief Economist Nela Richardson said. “Large companies fueled the stronger recovery in October, marking the second straight month of impressive growth.”

The job market is revving back up as the Delta wave of the pandemic winds down, according to Mark Zandi, chief economist of Moody’s Analytics. “Job gains are accelerating across all industries, and especially among large companies,” he said. “As long as the pandemic remains contained, more big job gains are likely in coming months.”

Large businesses added 342,000 jobs in October, midsize businesses added 114,000 jobs and small businesses added 115,000.

Here are the jobs added in October by sector:

  • Goods-producing, up 113,000
    • Natural resources/mining, up 6,000
    • Construction, up 54,000
    • Manufacturing, up 53,000
  • Service-providing, up 458,000
    • Trade/transportation/utilities, up 78,000
    • Information, up 14,000
    • Financial activities, up 15,000
    • Professional/business services, up 88,000
      • Professional/technical services, up 54,000
      • Management of companies/enterprises, up 4,000
      • Administrative/support services, up 29,000
    • Education/health services, up 56,000
      • Healthcare/social assistance, up 47,000
      • Education, up 10,000
    • Leisure/hospitality, up 185,000
    • Other services, up 22,000

Data in the report is derived from ADP payroll data, which represents 460,000 US clients employing nearly 26 million workers in the US.

The US Bureau of Labor Statistics is scheduled to release its report on October’s job growth on Friday.

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