Private Sector Jobs Rise 158,000 in October

Roseland, NJ, Nov. 1, 2012 -- Private-sector employers added 158,000 jobs in October, payrolls processor ADP said on Thursday.

The firm is using a new method to determine its monthly number.

ADP said 144,000 service jobs and 14,000 goods-producing jobs were created.

A 23,000 gain in construction positions offset an 8,000 drop in manufacturing, ADP said.

ADP and Moody’s will use data from 406,000 companies that employ 23 million workers, up from 344,000 companies and 21 million employees under the old method.