ADP: US private-sector employment up 86,000 jobs in October; base pay rose 3.2%
Key points
- Private-sector employment rose by 86,000 jobs in October
- Base pay for job-stayers rose 3.2% year over year; gross pay rose 4.7%
- Earnings growth for job-changers was the fastest since March 2024
- Based on anonymized weekly pay data from more than 26 million private-sector employees
Private-sector employment rose by 86,000 jobs in October, according to the ADP National Employment Report produced with the Stanford Digital Economy Lab. ADP Pay Insights showed base pay for job-stayers up 3.2% and gross pay up 4.7% year over year. ADP Chief Economist Nela Richardson said earnings growth for job-changers was the fastest since March 2024. The report is based on anonymized weekly pay data from more than 26 million private-sector employees.
Original report: ADP ↗Edited with AI assistance. Facts are based on official sources and original reports.