Blame the government shutdown for one more thing. ADP’s National Employment Report for October came out today and it was sluggish at best.
The 16-day government shutdown hurt jobs growth in business this month with only 130,000 (non-government) jobs added, a drop if 15,000 from September, according to ADP’s National Employment Report. October jobs performance among business employers was “well below the average of the last 12 months,” ADP President and CEO Carlos Rodriguez said in a company statement. Mark Zandi, Moody’s Analytics chief economist, warned that if business jobs growth doesn’t recover, the country could face an increase in unemployment.
Read Full Story: “Businesses Add 130,00 jobs in October.” (USAToday.com)
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