Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of October.
ADP said private sector employment jumped by 571,000 jobs in October after surging by a revised 523,000 jobs in September.
Economists had expected private sector employment to climb by 400,000 jobs compared to the addition of 568,000 jobs originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.