Investing.com – U.S. non-farm private employment rose less-than-expected in April, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 179K in April, after rising by 207K in March, whose figure was upwardly revised from 201K.
Analysts had expected non-farm private sector employment to increase by 200K in April.
The report said employment in the service-providing sector rose by 138K in April, marking 16 consecutive months of employment gains. Employment in the goods-producing sector increased by 41K, the sixth consecutive monthly gain. Manufacturing employment rose 25K, the seventh consecutive monthly gain.
Following the release, the U.S. dollar was down against the euro, with EUR/USD gaining 0.46% to hit 1.4895.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.2%, S&P 500 futures pointed to a loss of 0.1%, while the Nasdaq 100 futures shed 0.22%.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 179K in April, after rising by 207K in March, whose figure was upwardly revised from 201K.
Analysts had expected non-farm private sector employment to increase by 200K in April.
The report said employment in the service-providing sector rose by 138K in April, marking 16 consecutive months of employment gains. Employment in the goods-producing sector increased by 41K, the sixth consecutive monthly gain. Manufacturing employment rose 25K, the seventh consecutive monthly gain.
Following the release, the U.S. dollar was down against the euro, with EUR/USD gaining 0.46% to hit 1.4895.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.2%, S&P 500 futures pointed to a loss of 0.1%, while the Nasdaq 100 futures shed 0.22%.