U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

[mahatmakanejeeves]

1. Links to earlier reports:

Fri Nov 4, 2022: Links to earlier reports: (this one)

Wed Nov 2, 2022: Links to earlier reports:

Fri Oct 7, 2022: Links to earlier reports:

Wed Oct 5, 2022: Links to earlier reports:

Fri Sep 2, 2022: Links to earlier reports:

Wed Aug 31, 2022: Links to earlier reports:

Fri Aug 5, 2022: Links to earlier reports:

Wed Aug 3, 2022: ADP has suspended its report until September.

Fri Jul 8, 2022: Links to earlier reports:

Wed Jul 6, 2022: ADP has suspended its report until September.

Fri Jun 3, 2022: Links to earlier reports:

Wed Jun 1, 2022: Links to earlier reports:

Fri May 6, 2022: Links to earlier reports

Wed May 4, 2022: Links to earlier reports:

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Wed Jan 12, 2022: Links to earlier reports:

Wed Jan 5, 2022: Links to earlier reports:

Sat Dec 4, 2021: Links to earlier reports:

Wed Dec 1, 2021: Links to additional earlier reports:

Fri Nov 5, 2021: (I had to split the links into two posts, due to "Forbidden 403" issues)

Links to earlier reports:

Links to additional earlier reports:

Wed Nov 3, 2021: Links to earlier reports:

Fri Oct 8, 2021: Links to earlier reports:

Wed Oct 6, 2021: Links to earlier reports:

Fri Sep 3, 2021: Links to earlier reports:

Thu Sep 2, 2021 (in the Friday, August 6, BLS thread): Links to earlier reports:

Wed Aug 4, 2021: Links to earlier reports:

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[center]Past Performance is Not a Guarantee of Future Results.[/center]

Bureau of Labor Statistics, for employment in October 2022 (this one):

U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

ADP^® (Automatic Data Processing), for employment in October 2022:

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

Bureau of Labor Statistics, for employment in September 2022:

Jobs report: U.S. payrolls grew by 263,000 in September, unemployment rate falls to 3.5%

ADP^® (Automatic Data Processing), for employment in September 2022:

Businesses added 208,000 jobs in September, better than expected, ADP reports

Bureau of Labor Statistics, for employment in August 2022:

August jobs report: U.S. payrolls grew by 315,000 last month

ADP^® (Automatic Data Processing), for employment in August 2022:

Private payrolls grew by just 132,000 in August, ADP says in reworked jobs report

Bureau of Labor Statistics, for employment in July 2022:

Employers added 528,000 jobs in July, as the hot labor market powers on

ADP^® (Automatic Data Processing), for employment in July 2022:

ADP has suspended its report until September.

Bureau of Labor Statistics, for employment in June 2022:

June jobs report: Payrolls rise by 372,000 as unemployment holds at 3.6%

ADP^® (Automatic Data Processing), for employment in June 2022:

ADP has suspended its report until September.

Bureau of Labor Statistics, for employment in May 2022:

May jobs report: Payrolls rise by 390,000 as unemployment holds at 3.6%

ADP^® (Automatic Data Processing), for employment in May 2022:

U.S. Treasury yields fall as data show slowest job growth in pandemic recovery

Bureau of Labor Statistics, for employment in April 2022:

April jobs report: Payrolls rise by 428,000 as unemployment rate holds at 3.6%

[ADP^® (Automatic Data Processing), for employment in April 2022:

U.S. Companies Added 247,000 Jobs in April, ADP Data Show

Bureau of Labor Statistics, for employment in March 2022:

U.S. economy adds 431,000 jobs in March

ADP^® (Automatic Data Processing), for employment in March 2022:

Private payrolls rose by 455,000 in March, topping expectations: ADP

Bureau of Labor Statistics, for employment in February 2022:

February jobs report: Payrolls rise by 678,000 as unemployment rate falls to 3.8%

ADP^® (Automatic Data Processing), for employment in February 2022:

Private payrolls rose by 475,000 in February, topping expectations: ADP

Bureau of Labor Statistics, for employment in January 2022:

January jobs report: Payrolls jump by 467,000 as unemployment rate rises to 4.0%

ADP^® (Automatic Data Processing), for employment in January 2022:

Companies unexpectedly cut 301,000 jobs in January as omicron slams jobs market, ADP says

Bureau of Labor Statistics, for employment in December 2021:

December jobs report: Payrolls rise by 199,000 as unemployment rate falls to 3.9%

ADP^® (Automatic Data Processing), for employment in December 2021:

December private payrolls rose by 807,000, far exceeding expectations: ADP

Bureau of Labor Statistics, for employment in November 2021:

U.S. economy adds just 210,000 jobs in November

ADP^® (Automatic Data Processing), for employment in November 2021:

November private payrolls rose by 534,000 topping expectations: ADP

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

ADP^® (Automatic Data Processing), for employment in November 2021:

November private payrolls rose by 534,000 topping expectations: ADP

Bureau of Labor Statistics, for employment in October 2021:

October jobs report: Payrolls grew by 531,000 as unemployment rate fell to 4.6%

ADP^® (Automatic Data Processing), for employment in October 2021:

October private payrolls rose by 571,000, topping expectations: ADP

Bureau of Labor Statistics, for employment in September 2021:

Yahoo Finance September jobs report: Economy adds back disappointing 194,000 jobs, unemployment rate

ADP^® (Automatic Data Processing), for employment in September 2021

September private payrolls rose by 568,000, topping estimates: ADP