Investing.com - U.S. non-farm private employment rose less-than-expected in May, 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 135,000 in May, below expectations for an increase of 165,000.
The previous month’s figure was revised down to a gain of 113,000 from a previously reported increase of 119,000.
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 turned lower against the euro, with EUR/USD adding 0.07% to trade at 1.3088.
Meanwhile, U.S. stock index futures remained lower. The Dow Jones Industrial Average futures indicated a loss of 0.3% at the open, S&P 500 futures pointed to a drop of 0.4%, while the Nasdaq 100 futures indicated a decline of 0.4% at the open.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 135,000 in May, below expectations for an increase of 165,000.
The previous month’s figure was revised down to a gain of 113,000 from a previously reported increase of 119,000.
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 turned lower against the euro, with EUR/USD adding 0.07% to trade at 1.3088.
Meanwhile, U.S. stock index futures remained lower. The Dow Jones Industrial Average futures indicated a loss of 0.3% at the open, S&P 500 futures pointed to a drop of 0.4%, while the Nasdaq 100 futures indicated a decline of 0.4% at the open.