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ADP: 158,000 Private-Sector Jobs Added in October

MarketWatch (11/01/12)

Some 158,000 private-sector jobs were created in October, according to ADP. Service-providing jobs accounted for 144,000 positions, and goods-producing jobs accounted for 14,000 positions. This is the first ADP report to use the company’s newly adopted methodology, which draws from a larger sample size, among other changes. October’s job gains are consistent with the average monthly gains seen over the past two years. “Businesses have turned more cautious in recent months, but that has yet to impact their hiring and firing decisions,” says Mark Zandi, chief economist of Moody’s Analytics.