“Private sector payrolls rose 113,000 in October, less than expected, ADP says”
November 1, 2023
“…The payrolls processing firm said that companies added 113,000 workers for the month, higher than the unrevised 89,000 in September but below the Dow Jones consensus estimate of 130,000. On wages, ADP said pay was up 5.7% from a year ago, the smallest annual gain since October 2021…
Almost all of the jobs came from services-providing industries, with goods producers contributing just 6,000 toward the total…”
https://www.cnbc.com/2023/11/01/adp-jobs-report-october-2023.html
This is bad. Manufacturing should be the main source of jobs. Outsourcing for cheap labor like America does suppress wadges also these types of jobs disappear easily during recessions.