U.S. private-sector job creation rebounded last month as employment conditions could be showing signs of improving, according to new data from payroll processor ADP.
Payroll growth at private companies increased by 42,000 in October, the latest National Employment Report, released on Nov. 5, found.
This is up from a decline of 29,000 in September, which was revised and showed 3,000 fewer jobs lost.
The market consensus pointed to a more modest gain of 25,000.
“Private employers added jobs in October for the first time since July, but hiring was modest relative to what we reported earlier this year,” Nela Richardson, chief economist at ADP, said in a statement….