U.S. private-sector businesses added the most jobs in seven months in October, with construction jobs surging in the wake of hurricane Harvey and Irma, said the ADP National Employment Report Wednesday.
The report showed private employers hired 235,000 workers last month, beating the market expectation. Domestic private payrolls in September were revised down to an increase of 110,000 from the previous 135,000.
"The job market rebounded strongly from the hit it took from Hurricanes Harvey and Irma," Mark Zandi, chief economist of Moody's Analytics, said in a statement.
"Resurgence in construction jobs shows the rebuilding is already in full swing. Looking through the hurricane-created volatility, job growth is robust."
The U.S. Labor Department will release the more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment. Enditem
The report showed private employers hired 235,000 workers last month, beating the market expectation. Domestic private payrolls in September were revised down to an increase of 110,000 from the previous 135,000.
"The job market rebounded strongly from the hit it took from Hurricanes Harvey and Irma," Mark Zandi, chief economist of Moody's Analytics, said in a statement.
"Resurgence in construction jobs shows the rebuilding is already in full swing. Looking through the hurricane-created volatility, job growth is robust."
The U.S. Labor Department will release the more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment. Enditem
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