ADP: 158,000 private-sector jobs added in October

ADP: 158,000 private-sector jobs added in October
WASHINGTON (MarketWatch) -- ADP said 158,000 private-sector jobs were created in October, with service-providing jobs accounting for 144,000 positions and goods producing jobs responsible for 14,000 new jobs. This was the first release after ADP adopted a methodology, including increasing the sample size. "Businesses are adding consistently to their payrolls. October's job gains were in line with the average monthly gains of the past two years, with sturdy albeit less than stellar growth across most industries and company sizes. Businesses have turned more cautious in recent months, but that has yet to impact their hiring and firing decisions," said Mark Zandi, chief economist of Moody's Analytics, in a statement.