ADP US October employment +113K vs +150K expected

<ul><li><a href="https://www.forexlive.com/news/adp-us-september-employment-89k-vs-153k-expected-20231004/" target="_blank" rel="follow">Prior </a>was +89K</li></ul><p>Details:</p><ul><li>small (less than 50 employees) +19K vs +95K prior</li><li>medium firms (500 – 499) +78K vs +72K prior</li><li>large (greater than 499 employees) +18K vs -83K prior</li></ul><p>Changes in pay:</p><ul><li>Job stayers 5.7% vs 5.9% prior</li><li>Job changers 8.4% vs 9.0% prior</li></ul><p>“No single industry dominated hiring this month, and big post-pandemic pay increases seem to be behind
us,” said Nela Richardson, chief economist, ADP. “In all, October's numbers paint a well-rounded jobs
picture. And while the labor market has slowed, it's still enough to support strong consumer spending.”</p><p>The US dollar softened after the data, though only modestly.</p>

This article was written by Adam Button at www.forexlive.com.