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Private sector employment increased by 200,000 jobs

Wednesday, Sep 30 2015
Private sector employment increased by 200,000 jobs from August to September. Analysts were anticipating increase by 192,000 jobs. "Businesses with more than 1,000 employees contributed over half of the job gains in September, despite weakness in energy and manufacturing,” said Ahu Yildirmaz, VP and head of the ADP Research Institute.  
 
“The largest companies appear to be starting to overcome the impacts of weak global demand and the high dollar, while the smallest companies may have pulled back as concerns about the resiliency of the U.S. economy grew and consumer confidence softened.”  
 
Mark Zandi, chief economist of Moody’s Analytics, said, “The U.S. job machine continues to produce jobs at a strong and consistent pace. Despite job losses in the energy and manufacturing industries, the economy is creating close to 200,000 jobs per month.  At this pace full employment is fast approaching.” 
 
After the data USD added few points. Euro ia currently being traded slightly above 1.1180 level, Sterling is around 1.5160 area, while Aussie is at 0.70 handle. Later today, Chicago PMI figures are scheduled for a release.
More in this category: « Euro area annual inflation down to -0.1% Aussie higher after China's PMI data »

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