ADP Jobs Report Shows Modest October Hiring
ADP jobs report showed private payrolls up 86,000 and faster pay growth, giving traders fresh data to shape positioning ahead of the BLS October report.
KEY TAKEAWAYS
- Private payrolls rose by 86,000 in October, above published economist forecasts.
- Annual base pay grew 3.2% and gross pay rose 4.7%, the fastest pace since March 2024.
- The report may shape investor expectations ahead of the BLS October employment release.
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The ADP jobs report on Nov. 4, 2026, showed private-sector payrolls rose slightly above economist forecasts, broadening across industries and lifting base and gross pay. This data may influence investor expectations ahead of the Bureau of Labor Statistics’ (BLS) October employment release.
October Payrolls and Wage Growth
ADP reported that private-sector employment increased by 86,000 jobs in October 2026. The data comes from anonymized weekly payroll records covering more than 26 million U.S. private-sector employees and is produced in partnership with Stanford University’s Digital Economy Lab.
Annual base pay rose 3.2%, while gross pay—which includes bonuses, overtime, and other compensation—increased 4.7%. Pay growth was 4.8% for workers who changed employers and 3.0% for those who stayed. The report noted that earnings growth reached its fastest pace since March 2024.
ADP said its November National Employment Report is scheduled for Dec. 2, 2026, at 8:15 a.m. ET.
Hiring Trends and Forecast Comparison
Economist forecasts ahead of the release ranged from 69,000 to 75,000 jobs. Hiring gains extended across company sizes and industries, with trade, transportation, and utilities adding 39,000 jobs and education and health adding 28,000. ADP revised September’s private-employment increase down from 90,000 to the same level it reported for October.
The BLS official October employment report is scheduled for Nov. 6, 2026. ADP’s measure covers private payrolls and excludes government employment, and it can diverge materially from the BLS figures.
