U.S. private-sector employers added 130,000 jobs in October, lower than economists' expectations for the month, a report by a payrolls processor showed on Wednesday.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 150,000 jobs. September's private payrolls gains were revised down to 145,000 from the previously reported 166,000.
The report is jointly developed withMoody*s Analytics.
The data comes against the backdrop of a federal government shutdown in the first half of the month, as congressional Republicans sought to undermine President Barack Obama's signature health care law as a condition of funding the government.
Analysts fret that the impasse in Congress dragged on the economy. Standard & Poor's estimated that the showdown shaved $24 billion off the world's largest economy.
Source: Reuters
