ADP: 86,000 jobs added

Private-sector employers added 86,000 jobs in October, according to ADP, exceeding economists’ estimate of 69,000. Trade, transportation and utilities led hiring with 39,000 jobs added, while professional and business services lost 27,000. ADP’s report precedes the Labor Department’s jobs report, expected Friday to show 65,000 new positions and an unemployment rate of 4.2%.

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