Investing.com – U.S. non-farm private employment rose significantly more-than-expected in December, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 297K in December, after rising by 92K in November, whose figure was revised down from 93K.
Analysts had expected non-farm private sector employment to increase by 100K in December.
The report said employment in the service-providing sector rose by 270K in December, the eleventh consecutive monthly gain and the largest monthly increase in the history of the report, while employment in the goods-producing sector increased by 27K, the second consecutive monthly gain and the largest since February 2006.
Following the release, the U.S. dollar was up against the euro, with EUR/USD slumping 1.01% to hit 1.3173.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.26%, S&P 500 futures pointed to a loss of 0.29%, while the Nasdaq 100 futures indicated a decline of 0.20%.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 297K in December, after rising by 92K in November, whose figure was revised down from 93K.
Analysts had expected non-farm private sector employment to increase by 100K in December.
The report said employment in the service-providing sector rose by 270K in December, the eleventh consecutive monthly gain and the largest monthly increase in the history of the report, while employment in the goods-producing sector increased by 27K, the second consecutive monthly gain and the largest since February 2006.
Following the release, the U.S. dollar was up against the euro, with EUR/USD slumping 1.01% to hit 1.3173.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.26%, S&P 500 futures pointed to a loss of 0.29%, while the Nasdaq 100 futures indicated a decline of 0.20%.