Investing.com - U.S. non-farm private employment rose more-than-expected in July, easing concerns over the U.S. labor market, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 200,000 in July, above expectations for an increase of 180,000.
The previous month’s figure was revised up to a gain of 198,000 from a previously reported increase of 188,000.
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 higher against the euro, with EUR/USD shedding 0.05% to trade at 1.3255.
Meanwhile, U.S. stock index futures remained steady. 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 gain of 0.1% at the open.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 200,000 in July, above expectations for an increase of 180,000.
The previous month’s figure was revised up to a gain of 198,000 from a previously reported increase of 188,000.
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 higher against the euro, with EUR/USD shedding 0.05% to trade at 1.3255.
Meanwhile, U.S. stock index futures remained steady. 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 gain of 0.1% at the open.