US Employers Hired 571,000 Workers in October, Beating Estimates: ADP

Pedestrians walk by a "Now Hiring" sign outside a store in Arlington, Va., on Aug. 16, 2021. Olivier Douliery/AFP via Getty Images

Private sector employment in the United States rose by 571,000 jobs in October, well above consensus forecasts of 395,000, according to Nov. 3 payroll data from the Automatic Data Processing (ADP) Research Institute.

“The labor market showed renewed momentum last month, with a jump from the third quarter average of 385,000 monthly jobs added, marking nearly 5 million job gains this year,” Nela Richardson, ADP chief economist, said in a statement.