Private sector added 237,000 jobs in June
Private sector employment increased by 237,000 jobs from May to June according to the June. This was above expected increase by 219,000. "June job numbers came in at their highest level since December 2014,” said Carlos Rodriguez, president and chief executive officer of ADP. “Small businesses continue to lead the way adding over half of the total jobs this month.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The U.S. job machine remains in high gear. The current robust pace of job growth is double that needed to absorb the growth in the working age population. The only blemish in the job market is the loss of jobs in the energy sector. Most encouraging is the healthy rate of job growth among the nation’s smallest companies.”
After the data USD posed gains against its major rivals. Euro is currently being traded below 1.11 handle, Sterling is around 1.5640 area, while Aussie is few points above 0.7670 level. Later today, ISM Manufacturing PMI data is scheduled for a release.
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