US private sector employment rose by 230,000 jobs in October, according to the ADP national employment report produced by Automatic Data Processing Inc. (NASD: ADP) in collaboration with Moody’s Analytics. October’s increase is the highest since June and the second-highest gain of 2014.

“Employment continues to trend upward as we begin the last quarter of 2014, driven mostly by small- to mid-sized companies,” said ADP President and CEO Carlos Rodriguez.

Small businesses added 102,000 jobs in October, according to the report. Midsize businesses added 122,000 jobs and large businesses added 5,000 jobs.

By sector, the service-providing sector added 181,000 jobs, and the goods-providing sector added 48,000 jobs.

“The job market is steadily picking up pace,” said Mark Zandi, chief economist of Moody’s Analytics. “Job growth is strong and broad-based across industries and company sizes. At this pace of job growth unemployment and underemployment is quickly declining. The job market will soon be tight enough to support a meaningful acceleration in wage growth.”