Private employers in the U.S. added 110,000 jobs last month, according to the ADP National Employment Report, more than the 101,000 analysts expected, Reuters reported. Further, the ADP report showed job creation was better in September than first reported. ADP said private employers added 116,000 new jobs in September, up from a previously reported 91,000.
"It is not a huge amount better, but the fact that it was better than expected and there was a revision in the last month's number is a pretty encouraging sign," Peter Jankovskis of Oakbrook Investments in Lisle, Ill., told the wire service.
A second report showed planned layoffs in October fell to their lowest levels since June. After reaching a 28-month high in September, the number of planned job cuts announced by U.S.-based employers fell 63 percent in October to 42,759, according to employment-services firm Challenger, Gray & Christmas.
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