ADP Estimates U.S. Companies Added 43,000 Jobs

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Companies in the U.S. boosted payrolls by more than forecast in October, data from a private report showed today.

Employment increased by 43,000 after a revised 2,000 drop in September, according to figures from ADP Employer Services. The median estimate of 38 economists surveyed by Bloomberg News called for a 20,000 gain. Forecasts ranged from a decline of 10,000 to a 50,000 increase.