Private businesses in the United States hired 227 thousand workers in October of 2018, compared with a downwardly revised 218 thousand in September and beating market expectations of 189 thousand. It is the highest reading in eight months. The service-providing sector added 189 thousand jobs, boosted by trade, transportation and utilities (61 thousand); leisure and hospitality (40 thousand); professional and business (36 thousand); education and health (31 thousand); other services (13 thousand); information (4 thousand) and financial activities (4 thousand). The goods-producing sector added 38 thousand jobs supported by construction (17 thousand); manufacturing (17 thousand); and natural resources and mining (4 thousand). Large companies were the ones hiring the most workers (102 thousand), followed by midsized (96 thousand) and small (29 thousand). ADP Employment Change in the United States averaged 74.15 Thousand from 2001 until 2018, reaching an all time high of 384 Thousand in February of 2006 and a record low of -836 Thousand in February of 2009.
ADP Employment Change in the United States is expected to be 160.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate ADP Employment Change in the United States to stand at 219.31 in 12 months time. In the long-term, the United States ADP Employment Change is projected to trend around 150.00 Thousand in 2020, according to our econometric models.
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