Investing.com – U.S. non-farm private employment rose less-than-expected in August, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 91K in August, falling short of expectations for an increase of 103K.
The previous month’s figure was revised down to a gain of 109K from a previously reported 114K.
The report said employment in the service-providing sector rose by 80K in August, marking 20 consecutive months of employment gains.
Employment in the goods-producing sector rose by 11K, the first gain in three months.
Manufacturing employment decreased by 4K in August. Employment in the construction industry rose 7,000 in August, following three consecutive monthly declines.
Following the release, the U.S. dollar was fractionally lower against the euro, with EUR/USD slipping 0.01% to trade 1.4441.
Meanwhile, U.S. stock index futures held on to gains after the release of the data.
The Dow Jones Industrial Average futures indicated a rise of 0.3%, S&P 500 futures pointed to an increase of 0.4%, while the Nasdaq 100 futures added 0.4%.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 91K in August, falling short of expectations for an increase of 103K.
The previous month’s figure was revised down to a gain of 109K from a previously reported 114K.
The report said employment in the service-providing sector rose by 80K in August, marking 20 consecutive months of employment gains.
Employment in the goods-producing sector rose by 11K, the first gain in three months.
Manufacturing employment decreased by 4K in August. Employment in the construction industry rose 7,000 in August, following three consecutive monthly declines.
Following the release, the U.S. dollar was fractionally lower against the euro, with EUR/USD slipping 0.01% to trade 1.4441.
Meanwhile, U.S. stock index futures held on to gains after the release of the data.
The Dow Jones Industrial Average futures indicated a rise of 0.3%, S&P 500 futures pointed to an increase of 0.4%, while the Nasdaq 100 futures added 0.4%.