Private sector hiring jumped in October, according to a report released today by payroll processor ADP. Private employers added 158,000 jobs in the month, ADP said, beating economists' forecasts of 143,000.
The ADP report came out a day before the government's official monthly jobs report, but it's not always been a great predictor of what the government report will say.
Meanwhile, the number of people filing for initial jobless claims fell 9,000 to 363,000 in the latest week, the U.S. government said.
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