National employment grew by 365K jobs in October, ADP says

October saw the nation’s employment level rise, according to the monthly ADP National Employment Report, as the private sector added 365,000 jobs.

The pace is slower than it had been recently, Roseland-based payroll and human resources company ADP indicated, but continued a string of gains since the massive job losses spurred by the COVID-19 pandemic and related economic shutdown.

“The labor market continues to add jobs, yet at a slower pace,” Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, said in a prepared statement. “Although the pace is slower, we’ve seen employment gains across all industries and sizes.”

Gains were spread out, in terms of company size, with medium-sized firms of 50 to 499 employees adding 135,000 jobs, while large businesses of 500-plus workers added 116,000 jobs and small firms of less than 50 employees added 114,000.

The services sector added 348,000 jobs, while the goods-producing sector added 17,000. Leisure and hospitality led the way among industries, with 125,000 job gains, while education and health services saw 79,000 jobs added.

In the goods-producing sector, both construction and manufacturing added 7,000 jobs each.

No major industries posted losses, although the information industry broke even.