MW:Private sector adds 130,000 jobs in October: ADP
By Ruth Mantell
WASHINGTON (MarketWatch) -- Private-sector employment gains slowed down in October, as employers added 130,000 jobs, Automatic Data Processing Inc. reported Wednesday. Analysts polled by MarketWatch had expected an October gain of 150,000, compared with an originally estimated increase of 166,000 in September. On Wednesday ADP revised September's gain to 145,000. Some analysts use ADP's data for guidance on the U.S. Department of Labor's employment report, which will be released next week and covers private and public workers. Economists expect Labor's report to show a gain of 130,000 nonfarm jobs in October, compared with 148,000 in September.
