U.S. October "mini-nonfarm payrolls" add 86,000, beating expectations; services sector alone supports growth; pay growth for job switchers hits fastest pace since March 2024.

Zhitong Finance APP has learned that, according to the ADP National Employment Report jointly released by ADP Research and the Stanford Digital Economy Lab, U.S. private-sector employment increased by 86, 000 in October, above the market expectation of 65,000. However, September's job gains were revised down from the initially reported 90,000 to 86,000, matching October and making the overall assessment of momentum more neutral.