Investing.com – U.S. non-farm private employment rose more-than-expected in October, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 43K in October, after falling by 2K in September, whose figure was revised from a decrease of 39K.
Analysts had expected non-farm private sector employment to increase by 25K in October.
The report said employment in the service-providing sector rose by 77K in October, the ninth consecutive monthly gain. Meanwhile, employment in the goods-producing sector declined by 34K.
The ADP data does not include federal hiring data, so Friday's data collated by the U.S. Bureau of Labor Statistics may be weaker.
Following the release, the U.S. dollar was up against the euro, with EUR/USD shedding 0.03% to hit 1.4029.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.12%, S&P 500 futures pointed to an increase of 0.08%, while the Nasdaq 100 futures indicated a rise of 0.05%.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 43K in October, after falling by 2K in September, whose figure was revised from a decrease of 39K.
Analysts had expected non-farm private sector employment to increase by 25K in October.
The report said employment in the service-providing sector rose by 77K in October, the ninth consecutive monthly gain. Meanwhile, employment in the goods-producing sector declined by 34K.
The ADP data does not include federal hiring data, so Friday's data collated by the U.S. Bureau of Labor Statistics may be weaker.
Following the release, the U.S. dollar was up against the euro, with EUR/USD shedding 0.03% to hit 1.4029.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.12%, S&P 500 futures pointed to an increase of 0.08%, while the Nasdaq 100 futures indicated a rise of 0.05%.