Private sector employment rose by 147,000 jobs in October, falling short of estimates on Wednesday. This marks the smallest increase since May and the third worst report in the past year.
Companies in the private sector were expected to create 165,000 jobs in October, according to economists polled by Reuters.
ADP also revised job creation numbers for other months as part of a new measuring model. For September, the number of total jobs added was revised up to 202,000, from a previous estimate of 154,000. Over the course of a year, the new model subtracted a net of 15,000 jobs.
The new ADP model also shows 32,000 fewer jobs than the number the Bureau of Labor Statistics reported in the private sector over the same period. The old ADP model showed 17,000 fewer jobs than reported by the BLS.
Mark Zandi, chief economist of Moody's Analytics, described job growth in the private sector as "strong," even if the pace of growth appears to be slowing.