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U.S. ADP non-farm payrolls rise by 205,000 in January

Published 02/03/2016, 08:16 AM
Updated 02/03/2016, 08:16 AM
© Reuters.  U.S. ADP non-farm payrolls rise by 205,000 in January

© Reuters. U.S. ADP non-farm payrolls rise by 205,000 in January

Investing.com - U.S. non-farm private employment rose more than expected in January, boosting optimism over the health of the labor market, industry data showed on Wednesday.

In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 205,000 last month, surpassing expectations for an increase of 195,000.

The economy created 267,000 jobs in December, whose figure was downwardly revised from a previously reported increase of 257,000.

While not viewed as a reliable guide for the government jobs report due on Friday, February 5, it does give guidance on private-sector hiring.

EUR/USD was trading at 1.0931 from around 1.0937 ahead of the release of the data, GBP/USD was at 1.4512 from 1.4506 earlier, while USD/JPY was at 119.43 compared to 119.38 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 98.56, compared to 98.53 ahead of the report.

Meanwhile, U.S. stock futures pointed to a muted open. The Dow futures indicated a gain 0.1%, the S&P 500 futures pointed to a rise of 0.1%, while Nasdaq 100 futures slipped 0.1%.

Elsewhere, in the commodities market, gold futures traded at $1,129.10 a troy ounce, compared to $1,130.40 ahead of the data, while crude oil traded at $30.20 a barrel from $30.19 earlier.

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