Private sector employment increased by 147,000 jobs from September to October according to the October ADP National Employment Report.

"Job growth appears to be shifting from small to large companies due to the lessening impact the globaleconomic environment had on large companies earlier in the year," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "This is also true because large companies often have the resources to attract workers with better pay and benefit packages

The October ADP National Employment Report is the first installment of this monthly report that includes the 10 super sectors outlined by the U.S. Bureau of Labor Statistics. Prior value revised up aroung 50K jobs.