ADP

Private sector employers added a robust 233,000 jobs in October as annual pay grew 4.6% year over year, payroll giant ADP reported.

The payroll and HR services giant has acquired global enterprise-focused workforce management solution provider WorkForce Software, based in Michigan.

Private sector employment increased by 143,000 jobs in September, while annual pay rose 4.7% year-over-year, payroll giant ADP reported.

ADP announced the release of its new generative AI-based platform Lyric, touted as an all-in-one platform for payroll, service and other human capital management needs.

Annual pay grew 4.8% year-over-year, payroll giant ADP reported Thursday, as the job market showed further signs of a cooldown.

Private sector employment grew by 122,000 jobs in July — a deceleration from the average job gains seen over the second quarter of the year.

The job market continued to grow last month, but wage growth slowed, ADP reported.

A variety of business groups have been filing lawsuits to stop the Department of Labor's overtime rule, which is set to go into effect on July 1.

The jobs market showed signs of a slowdown last month as the private sector added 152,000 jobs in May, while annual pay grew 5% year over year, ADP reported.

Annual pay increased 5.0% year over year, ADP reported.