#ADPJobsSurge 📢 US Private Payrolls Rebound: The #ADPJobsSurge
The latest ADP National Employment Report reveals a notable jobs surge, with the private sector adding 42,000 jobs in October, significantly surpassing market expectations and marking the largest increase since July 2025. This rebound follows two months of weak hiring, indicating unexpected resilience in the US labor market despite economic headwinds.
Growth was led by the Trade/Transportation/Utilities and Education/Health Services sectors. However, the data highlights a mixed picture: large firms drove all net gains, while small and mid-sized businesses continued to shed jobs. Year-over-year pay growth for job-stayers remained flat at 4.5%. The stronger-than-expected figure complicates the outlook for Federal Reserve interest rate policy and sets the stage for the highly anticipated official nonfarm payroll report.
