U.S. private sector payrolls rose 110,000 in October, with much of the gain in the huge services sector of the economy.

Wednesday's report comes from ADP, a company that processes millions of paychecks for businesses across the nation.

The data may be a preview of Friday's closely-watched report on the U.S. unemployment rate, which many experts predict will stay steady at a relatively high 9.1 percent. Economists surveyed by news organizations say the U.S. economy will probably also see a net gain of 95,000 jobs.

High unemployment and slow economic growth are key issues for top officials of the U.S. central bank, who are completing a two-day meeting to set interest rates and assess the economy.

The Chairman of the U.S. Federal Reserve is scheduled to meet with reporters later Wednesday to explain the central bank's economic analysis.