Employment at US companies increased in October, signaling some stabilization in the job market after two straight months of declines.

After falling in September, private sector employment rose by 42,000 jobs in October, according to payroll processor ADP. It’s the first gain in ADP’s data since July and follows a 29,000 job decline the previous month — but it’s not a sign hiring is strong.

CNBC's Steve Liesman and ADP chief economist Nela Richardson join 'Squawk Box' to break down the October ADP employment report.

The U.S. added 42,000 jobs to private payrolls last month, according to the ADP National Employment Report released Wednesday morning. Economists surveyed by FactSet expected that private employers added 37,

The ADP report revealed a gain of 42,000 private nonfarm jobs in October, up from the 29,000 loss in September.

The U.S. added 42,000 private-sector jobs in October, payroll-processing giant ADP said Wednesday. That was up from a revised loss of 29,000 in September. Economists polled by The Wall Street Journal had expected an increase of 22,

U.S. services sector activity increased to an eight-month high in October as new orders grew solidly, but subdued employment pointed to lackluster labor market conditions against the backdrop of economic uncertainty stemming from tariffs.

Payroll management company ADP said in a recent report there were 42,000 jobs added in October for the private sector. “Last month delivered a rebound from two months of weak hiring, but the bounce wasn’t broad-based.