Employment in the United States grew much less than expected in October

By: Trademagazin editor Date: 2020. 11. 04. 11:03

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Employment growth in the United States rose much less than expected in October, when the economy was hit again by the intensification of the coronavirus pandemic – according to data released by the ADP Labor Data Institute on Wednesday.

According to the Institute for Human Resource Management, Payroll Management and Taxation Services (Automatic Data Processing / ADP), the number of people employed in the non-agricultural sectors of the private sector increased by 365,000 in the tenth month of the year.

Market analysts expected 650,000 growth in October.

The increase of 749 thousand reported for September was adjusted upwards by ADP to 753 thousand after the revision. (MTI)