U.S. ADP Employment Report Shows 233,000 Jobs Added In October

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The United States ADP employment numbers came in much stronger than expected in October. The US release revealed an increase of 233,000 in October vs the 111K forecasted, marking the largest increase since July 2023. The core PCE price index in Q3 was 2.2%, which was expected to be 2.1% and the previous value was 2.8%. The GDP in Q3 was 2.8%, lower than the expected 3% and the previous value of 3%.