Investing.com - U.S. non-farm private employment rose significantly more-than-expected in June, easing concern over the strength of 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 281,000 last month, the highest since November 2012 and easily surpassing expectations for an increase of 200,000.
The economy created 179,000 jobs in May.
While not viewed as a reliable guide for the government jobs report due on Thursday, July 3, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.18% to trade at 1.3654, compared to 1.3659 ahead of the data.
Meanwhile, U.S. stock index futures remained higher. The Dow indicated a gain of 0.1% at the open, the S&P 500 pointed to a rise of 0.1%, while the Nasdaq 100 indicated an increase of 0.1%.