Tesla and SpaceX shares slide as Musk’s political push falls flat ADP says businesses added 86,000 jobs in October. The labor market shows small signs of improvement. More industries are hiring, but employers are still cautious Businesses are hiring, but they are not adding many new jobs.
U.S. businesses created a modest 86,000 new jobs in October for the second month in a row, ADP said, but hiring broadened to more industries, in a sign of some improvement in a sluggish U.S. labor market. Video 91/1 Skip Ad Continue watching after the adVisit Advertiser websiteGO TO PAGE Ex-Deloitte CEO on Connecting College to the Corporate WorldSee All Videos Ex-Deloitte CEO on Connecting College to the Corporate World Play video: Ex-Deloitte CEO on Connecting College to the Corporate World The ADP report is a forerunner to the official U.S. employment report on Friday. Economists predict a 59,000 increase in new jobs in October based on information collected by the Bureau of Labor Statistics.
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I can unsubscribe at any time. The two reports sometimes differ sharply month to month, but they head in the same direction over time. **Key details:** The transportation sector generated 39,000 new jobs, marking the biggest increase in almost two years. Healthcare providers again led the way in hiring, as they have for the past few years.
Hotels, restaurants, financial firms and construction companies also added more jobs. The increase in private jobs in September was revised down to 86,000 from an initial 90,000. **Big picture:** The U.S. labor market is stuck in a rut. Layoffs are historically low — but so is hiring.
The economy has been adding well under 100,000 jobs a month since the middle of 2024 — less than half its historical average. were set to rise in Wednesday trading after historic gains by Democrats in U.S. elections. Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Treasury opens the door to changes in how it finances the growing U.S. debt.
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