Investing.com - U.S. non-farm private employment rose more-than-expected in February, easing concerns over the U.S. economic recovery, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 198,000 in February, above expectations for an increase of 170,000.
The previous month’s figure was revised up to a gain of 215,000 from a previously reported increase of 192,000.
While not viewed as a reliable guide for the government jobs report due Friday, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.13% to trade at 1.3035.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.45% at the open, S&P 500 futures advanced 0.5%, while the Nasdaq 100 futures indicated a rise of 0.25% at the open.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 198,000 in February, above expectations for an increase of 170,000.
The previous month’s figure was revised up to a gain of 215,000 from a previously reported increase of 192,000.
While not viewed as a reliable guide for the government jobs report due Friday, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.13% to trade at 1.3035.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.45% at the open, S&P 500 futures advanced 0.5%, while the Nasdaq 100 futures indicated a rise of 0.25% at the open.