In October, private employers in the United States created 42,000 jobs, exceeding analysts' expectations, despite losses in the IT sector.

The labor market in the United States showed signs of resilience in October, with 42,000 jobs added by private employers, according to the ADP report. This result exceeds the forecast of 22,000 jobs, coming after a loss of 29,000 in September. The growth was concentrated in sectors such as retail, transportation, and utilities, which added 47,000 jobs, education and healthcare (+26,000), and financial activities (+11,000). However, the IT sector lost 17,000 positions. Most of the new jobs were created by large companies, while small firms reduced their workforce by 34,000. Wages increased, with a 4.5% raise for those who remained in the same job. Although hiring rose for the first time since July, the pace remains modest compared to the beginning of the year. The ADP report usually precedes the official data from the Bureau of Labor Statistics, which will not be published due to a government shutdown. The Federal Reserve has indicated that the evolution of the labor force is a priority in the face of persistent inflation.