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Wednesday 1 October 2014

U.S. ADP non-farm payrolls rise by 213,000 in September


U.S. non-farm private employment rose more-than-expected in September, fuelling optimism over the strength of the U.S. labor market, industry data showed on Wednesday.
While not viewed as a reliable guide for the government jobs report due on Friday, October 3, it does give guidance on private-sector hiring.In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 213,000 last month, above expectations for an increase of 210,000. The economy created 202,000 jobs in August.
EUR/USD was trading at 1.2596 from around 1.2603 ahead of the release of the data, while GBP/USD was at 1.6184 from 1.6191 earlier.
Meanwhile, U.S. stock index futures remained lower. The Dow 30indicated a loss of 0.1% at the open, the S&P 500 pointed to a drop of 0.1%, while the NASDAQ 100 indicated a decline of 0.15%.
Elsewhere, in the commodities market, gold traded at $1,209.70 a troy ounce, compared to $1,209.50 ahead of the data, while crude oil traded at $91.73 a barrel from $91.76 earlier.

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