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US: Private sector employment increased by 235,000 jobs from Sep to Oct - ADP

"Private sector employment increased by 235,000 jobs from September to October," the ADP announced on Wednesday.

Key takeaways:

  • Ahu Yildirmaz, vice president and co-head of the ADP Research Institute: "The job market remains healthy and hiring bounced back with one of the best performances we’ve seen all year.”
    • “Although the service providing sector was hard hit last month due to the weather, we saw significant growth in professional services, especially in the higher paid professional technical jobs."
    • "Additionally, small businesses rebounded well from the impact of Hurricanes Harvey and Irma, posting very strong gains.” 

GBP/USD sticks to daily gains near 1.3300 handle post-ADP

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