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Private Sector Adds 227K Jobs in October, Most Since February

Large businesses helped drive up employment growth in October to a level not experienced since last February. The U.S. private sector added 227,000 jobs last month, according to the ADP National Employment report issued by ADP Research Institute and Moody’s Analytics. By comparison, the private sector added 241,000 jobs in February.

Businesses with at least 500 employees added 102,000 jobs in October, and medium-size businesses, those with between 50 and 499 employees, added 96,000 jobs.

“Despite a significant shortage in skilled talent, the labor market continues to grow,” says ADP Research Institute’s Ahu Yildirmaz. “We saw significant gains across all industries, with trade and leisure and hospitality leading the way. We continue to see larger employers benefit in this environment, as they are more apt to provide the competitive wages and strong benefits employees desire.”

The service sector experienced the largest boost, adding 189,000 jobs. The segment gained 61,000 jobs in trade, transportation and utilities, the most of any of the sector subcategories. Construction and manufacturing each added 17,000 jobs within the goods-producing sector.

The only blemish noted are the struggles small businesses are having filling open job positions.

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Read more at ADP Research InstituteConnect With ADP Research Institute’s Yildirmaz

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Economy
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