Investing.com - U.S. non-farm private employment rose at the strongest pace in nine months in November, fuelling optimism 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 215,000 last month, blowing past expectations for an increase of 173,000.
The previous month’s figure was revised up to a gain of 184,000 from a previously reported increase of 130,000.
While not viewed as a reliable guide for the government jobs report due on December 6, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar erased losses against the euro to trade higher, with EUR/USD shedding 0.1% to trade at 1.3576.
Meanwhile, U.S. stock index futures remained lower. The Dow Jones Industrial Average futures indicated a loss of 0.2% at the open, S&P 500 futures pointed to a drop of 0.3%, while the Nasdaq 100 futures indicated a decline of 0.2%.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 215,000 last month, blowing past expectations for an increase of 173,000.
The previous month’s figure was revised up to a gain of 184,000 from a previously reported increase of 130,000.
While not viewed as a reliable guide for the government jobs report due on December 6, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar erased losses against the euro to trade higher, with EUR/USD shedding 0.1% to trade at 1.3576.
Meanwhile, U.S. stock index futures remained lower. The Dow Jones Industrial Average futures indicated a loss of 0.2% at the open, S&P 500 futures pointed to a drop of 0.3%, while the Nasdaq 100 futures indicated a decline of 0.2%.