Privately run U.S. businesses likely created 395,000 new jobs in October, according to economists surveyed by The Wall Street Journal. Large payroll processor ADP will release the report at 8:15 a.m. Eastern.
Hiring has slowed sharply since early summer owing to the biggest labor shortage in decades. Millions of people who left the labor force during the pandemic still haven’t returned and it’s unclear if, or when, they will do so.
This article was originally published by Marketwatch.com. Read the original article here.
