Investing.com - U.S. non-farm private employment rose less-than-expected in April, underlining concerns over the fragile U.S. economic recovery, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 119,000 in April, below expectations for an increase of 150,000.
The previous month’s figure was revised down to a gain of 131,000 from a previously reported increase of 158,000.
While not viewed as a reliable guide for the government jobs report due Friday, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar added to sharp losses against the euro, with EUR/USD adding 0.49% to trade at 1.3233.
Meanwhile, U.S. stock index futures turned mixed. The Dow Jones Industrial Average futures indicated a loss of 0.1% at the open, S&P 500 futures pointed to a flat open, while the Nasdaq 100 futures indicated a rise of 0.1% at the open.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 119,000 in April, below expectations for an increase of 150,000.
The previous month’s figure was revised down to a gain of 131,000 from a previously reported increase of 158,000.
While not viewed as a reliable guide for the government jobs report due Friday, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar added to sharp losses against the euro, with EUR/USD adding 0.49% to trade at 1.3233.
Meanwhile, U.S. stock index futures turned mixed. The Dow Jones Industrial Average futures indicated a loss of 0.1% at the open, S&P 500 futures pointed to a flat open, while the Nasdaq 100 futures indicated a rise of 0.1% at the open.