ADP® Reports Private Sector Employment and Compensation Both Increased in October

According to the ADP® National Employment Report™ released on Wednesday, private sector employment increased by 233,000 jobs in October. Year-over-year, annual compensation was up 4.6%.

The ADP National Employment Report™ is produced by the ADP Research Institute® in collaboration with Stanford Digital Economy Lab (“Stanford Lab”). The ADP National Employment Report is an independent measure and high-frequency view of the private sector labor market based on actual, anonymized payroll data of more than 25 million US employees. The report details the current month’s total private employment change and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides near real-time measure of US employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP’s pay measure uniquely captures the earning of a cohort of almost 10 million employes over a 12-month period.

Commenting on the report, Nela Richardson said:

Even amid hurricane recovery, job growth was strong in October. As we round out the year, hiring in the US is proving to be robust and broadly resilient.”