Private payroll processor ADP said Tuesday that the US labor market showed signs of bouncing back in October, with the average weekly increase in employment tallying 14,250 over a four-week period ended Oct. 11. "This growth in employment suggests that the U.S. economy is emerging from its recent trough of job losses," ADP chief economist Nela Richardson wrote in a post unveiling the new weekly report. "Hiring has begun to increase from September levels, albeit slowly and without the positive momentum we saw earlier in the year," Richardson added. "This tepid recovery could support economic growth, however, because ... (full story)