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November 01, 2012 at 09:50 AM EDT
Pre-Market Primer: Labor Indicators Suggest October Job Growth
MINYANVILLE ORIGINAL Markets are turning higher today as economic news indicates that hiring might have been stronger in October. Payroll processor ADP counted 158 000 new jobs in the private sector in October. Its count for September was 162 000 which was far above the Bureau of Labor Statistics' 104 000. ADP's new economic consultant Moody's hopes to make the ADP numbers closer to the official reading. “Businesses are adding consistently to their payrolls " says Moody's chief economist Mark Zandi. "October’s job gains were in line with the average monthly gains of the past two years with sturdy ...
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