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Companies Add Most Workers in Eight Months

ADP reports 158,000 increase in U.S. payrolls in October.

By Alex Kowalski, Bloomberg | Updated on November 01, 2012

Companies expanded payrolls in October by the most in eight months, an indication the U.S. labor market was on the upswing at the start of the fourth quarter, according to a private report based on payrolls.

The 158,000 increase followed a revised 114,000 gain in September, data from the Roseland, New Jersey-based ADP Research Institute showed today. This is the first ADP report derived using a larger sample and new methodology.

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