Private sector adds jobs, layoffs slow in October

http://www.reuters.com/article/2011/11/02/us-usa-economy-idUSTRE79O4A620111102

The ADP National Employment Report showed on Wednesday the economy's private sector added 110,000 jobs in October, topping economists' expectations for a gain of 101,000 jobs. ADP also increased September's job additions, to a gain of 116,000 from the previously reported 91,000.

Employers announced 42,759 planned job cuts last month, tumbling 63.1 percent from 115,730 the month before, according to the report from consultants Challenger, Gray & Christmas, Inc. It was the lowest level in four months.

Hiring plans surged to 159,177 jobs last month from 76,551 in September as companies announced seasonal positions. Retail jobs led the way with 133,940 openings.