US private employers create more than projected jobs
U.S. ADP employment, which shows the hiring by private sector employers, came comfortably higher than analysts’ forecasts in March, pointing the strength in the labor market.
Employers added 263,000 jobs the previous month from a downwardly revised of 245,000 jobs in February, compared to analysts’ estimates of 184,000.
Investors carefully watch today’s data as it provides an indication about the health of the labor market, ahead of Friday’s nonfarm payrolls.
The NFP report may signal American employers created 174,000 jobs last month, while unemployment stood at 4.7 percent.
dollar traded slightly higher at 100.43 against a basket of major currencies, compared
to the session’s open at 100.40, according to the dollar index.