October, 2013 is shaping up as a mediocre month for job growth according to a report issued by USA Today on October 31, 2013.
Based on official data from ADP, the U.S. economy added only 130,000 jobs in October, 2013. This is 15,000 fewer jobs than were added in September and it points to an overall sluggishness that still plagues the economy.
Part of the blame for the lower than expected job gains is the U.S. Government shutdown. It lasted 16 days and its ripple effect on the private sector resulted in less hiring than usual.
Service industry sector jobs led the way in the October, 2013 jobs report, with trade, transportation, and utilities adding the largest number of new positions. Overall, the services sector contributed about 107,000 new jobs with the remaining 23,000 coming from the goods- producing industry sector.
ADP is the largest payroll processing business in the United States. It computes its job report figures based on payroll data taken from its nearly 24 million U.S. workers. Its National Employment Report is anticipated by economists each month as a prelude to the official jobs report data released by the U.S. Department of Labor on the first Friday of each month.
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