ADP Report: Job Growth Stalls, Wage Stability Persists
Update: 2025-11-05
Description
Private employers added 42,000 jobs in October, marking the first monthly gain since July, according to ADP. However, the hiring picture was mixed, with professional services losing jobs and larger companies hiring more. Despite flat pay growth, wage stability indicates economic balance. The ongoing government shutdown has led to a reliance on alternative data, with the September jobs report still unavailable and the October report likely delayed.
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