Labor Market Improves

    HOLLYWOOD, FL - OCTOBER 05:  Carline Soyant uses a computer at the Workforce One South Employment Solutions center to look for job opportunities in the health care field on October 5, 2012 in Hollywood, Florida. The Labor Department announced today that the United States economy had gained 114,000 jobs in September and the jobless rate fell from 8.1% to 7.8%, which is the first time it's been below 8% since 2009. (Photo by Joe Raedle/Getty Images)

    Joe Raedle / Getty Images

    A day before the monthly report on payroll jobs and unemployment is released, we received two data points suggesting the labor market is improving. ADP, the payroll-processing firm that issues its own monthly jobs study, said the private sector created 158,000 jobs in October. And the Bureau of Labor Statistics said first-time unemployment claims fell last week to 363,000.

    Read it at ADP