Investing.com - U.S. non-farm private employment rose at the weakest pace in six months in October, fuelling 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 130,000 in October, below expectations for an increase of 150,000.
The previous month’s figure was revised down to a gain of 145,000 from a previously reported increase of 166,000.
While not viewed as a reliable guide for the government jobs report due on November 9, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.17% to trade at 1.3769.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures pointed to a rise of 0.15%, while the Nasdaq 100 futures indicated an increase of 0.4%.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 130,000 in October, below expectations for an increase of 150,000.
The previous month’s figure was revised down to a gain of 145,000 from a previously reported increase of 166,000.
While not viewed as a reliable guide for the government jobs report due on November 9, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.17% to trade at 1.3769.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures pointed to a rise of 0.15%, while the Nasdaq 100 futures indicated an increase of 0.4%.