Growth in the number of jobs in the US private sector exceeded forecasts in October

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The US private sector continued to increase the number of jobs at a high rate in October. According to the ADP Research Institute, last month the figure rose by 227 thousand, significantly exceeding the increase expected by experts in the amount of 189 thousand. Construction companies hired 17,000 workers in October. The staff of companies in the manufacturing sector also increased by 17 thousand. In the services sector, 189 thousand jobs were created. In the mining industry, 4,000 jobs were created. The number of employees of large companies increased by 102 thousand. The average business has expanded its staff to 95 thousand. Small companies hired 29 thousand new employees.

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