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Private payrolls rose 239,000 in October, better than expected, while wages increased 7.7%, ADP says

Private payrolls rose 239,000 in October, higher than estimates: ADP

Private payroll growth held strong in October while worker pay rose as well, particularly in the leisure and hospitality industry, according to a report Wednesday from payroll processing firm ADP.

Companies added 239,000 positions for the month, ahead of the Dow Jones estimate of 195,000 and better than the downwardly revised 192,000 in September. Wages increased 7.7% on an annual basis, down 0.1 percentage point from the previous month.

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