US Companies Added 42,000 Jobs in October, ADP Data Show

US Companies Added 42,000 jobs in October, Per ADP Data

Employment at US companies increased in October, signaling some stabilization in the job market after two straight months of declines.

Private-sector payrolls increased by 42,000 after a revised 29,000 decline a month earlier, according to ADP Research data released Wednesday. The median estimate in a Bloomberg survey of economists called for a 30,000 gain.