Private sector hiring slowest in 6 months

Thanks Congress.

Private sector employers added just 130,000 jobs in October -- their lowest level of job growth since April, according to a report by payroll processor ADP. The pace of hiring has been slowing since June, but the government shutdown earlier this month appears to be a main reason for the sluggish hiring this month.

'The government shutdown and debt limit brinksmanship hurt the already softening job market in October,' said Mark Zandi, chief economist of Moody's Analytics, in a statement. Moody's works with ADP to compile the report.

This report is the first significant economic indicator to show what happened to the job market in October. This report is also looked at closely for clues about what the government may say in its more detailed labor report, which shows both job growth and the latest unemployment rate.

The ADP report typically comes just two days before the government's report. But the Labor Department's monthly jobs report for October, originally scheduled for November 1, was delayed due to the government shutdown and won't be released until November 8.

First Published: October 30, 2013: 8:36 AM ET

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