Private sector hiring slows to multi month low in October
ADP data shows private employers added 147 000 net jobs in October down from 202 000 in September. Analysts note weakness in construction education and mining while professional and business services add 69 000. Unemployment expected to fall to about 4.9 percent and Friday’s Labor Department report could show softer overall hiring.
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U.S. vehicle fuel efficiency hits record 24.8 mpg in 2015
EPA data show new U.S. vehicles averaged 24.8 mpg in 2015, up 0.5 mpg from 2014 as SUVs and pickups gain share. Emissions per mile fell 10 percent since 2011, with Mazda and Honda leading efficiency while Fiat Chrysler lags. Regulators face 2022 2025 standards review with market shifts toward larger vehicles continuing.
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