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

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

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.