Employment data

Private sector employment rebounded strongly in October, with employers adding 571,000 jobs despite persistent labor shortages amid the COVID-19 pandemic, according to payroll giant ADP.

The pace of hiring at small businesses continued to increase for the fifth month in a row as wages spiked dramatically.

The unemployment rate fell by 0.4 percentage point to 4.8%, as the economy continues its slow recovery from the COVID-19 pandemic.

The private sector gained 568,000 jobs in September, payroll giant ADP reported Wednesday, in the latest sign of a slowing, but steady economic recovery from the pandemic.

While small businesses continued to add jobs in September, the pace of hiring slowed, according to a new report from payroll giant Paychex.

The unemployment rate declined, but the jobs report fell far short of economist expectations.

The economy showed continuing signs of recovery, although the Delta variant hampered new job creation.

Employment increased by 943,000 last month, beating expectations, including 8,400 jobs in accounting and bookkeeping, while the unemployment rate fell from 5.9 to 5.4%.

The economy showed signs of a boost despite increasing worries over the Delta variant of COVID-19, according to ADP.

Job growth at small businesses spiked in July across various industries and parts of the country, according to payroll giant Paychex, with hourly earnings also improving.