ADP Automatic Data Processing Inc

Private-sector payroll growth matched expectations in October and rose from September, easing concerns that U.S. job growth is slowing meaningfully after a long stretch of job creation.

Private payrolls in the U.S. increased by 182,000, said payroll processor Automatic Data Processing Inc. and forecasting firm Moody's Analytics. The report is based on data collected from ADP clients in addition to lagged government data.

Economists surveyed by The Wall Street Journal projected an increase of 180,000. Meanwhile, the September gain was revised down to 190,000 from 200,000.

Job growth "is not slowing meaningfully, in contrast with the recent slowdown in the government's data," said Mark Zandi, chief economist of Moody's Analytics. Job gains in October were broad-based, Mr. Zandi said, though slowdowns in the manufacturing and energy sectors remain a drag.

The service sector, which accounts for most of the economy's jobs and has been offsetting a weak manufacturing sector, added 158,000 positions in October, down from 188,000 in September.

In the manufacturing sector, where employers have been shedding jobs as a stronger dollar and weaker global demand have hurt, the number of positions fell by 2,000 after dropping by 15,000 in September.

Small businesses powered the October increase, adding 90,000 slots, up from 37,000 in September. Large businesses added 29,000, cooling after hiring a high 106,000 in September. That was up sharply from August and marked the best level this year.

The ADP report comes ahead of the Bureau of Labor Statistics' employment situation report, due out Friday morning. ADP lags behind the government's initial private payroll estimate by a month.

Economists expect the BLS to report a 183,000 increase in October nonfarm payrolls, up from a lackluster print of 142,000 in August. Economists estimate that the unemployment rate dipped to 5.0% as more people move onto the sidelines of the labor force.

Write to Lisa Beilfuss at lisa.beilfuss@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

November 04, 2015 09:05 ET (14:05 GMT)

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