Survey: US businesses added 235,000 jobs in October - News Summed Up

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Survey: US businesses added 235,000 jobs in October


U.S. businesses added a solid 235,000 jobs in October, according to a private survey, partly reflecting a rebound from the previous month when hiring was held back by several hurricanes. October's rebound was driven by construction firms, which reported a huge gain of 62,000 jobs, the most in 11 years. Manufacturers added a healthy 22,000 jobs, and professional and technical services, a category that includes higher-paying jobs such as architects and engineers, gained 68,000. The government's jobs report for September showed that damage from the hurricanes caused a loss of 33,000 jobs that month, the first drop in seven years. As a result, the ADP data is less affected by the storms than the government figures, Zandi said.


Source: ABC News November 01, 2017 12:37 UTC



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