The US economy added 42,000 private-sector jobs last month, more than expected

From cnn.com

Private-sector job creation bounced back in October, according to a snapshot of the labor market that has become more closely watched in the absence of official federal jobs data. Payroll processing company ADP on Wednesday estimated that private-sector businesses added an estimated 42,000 jobs last month, a swing into positive territory after back-to-back months of job losses. While October marked a return to job growth, ADP’s chief economist cautioned that the pace of hiring is running far slower than earlier this year and far more concentrated in a few sectors. “That recovery is tepid, and it is not ... (full story)