wrapper

Private sector added 182,000 jobs, ADP reports

Wednesday, Nov 04 2015
Private-sector employment increased by 182,000 from September to October, on a seasonally adjusted basis, in line with expectations. "Firm size contributions to October employment gains returned to the same pattern we had been seeing for some time prior to September as small businesses rebounded to account for almost half the jobs added,” said Ahu Yildirmaz, VP and head of the ADP Research Institute.  
 
“Large companies continue to be negatively impacted by trends such as low oil prices and the strong dollar driving weaker exports.  On the other hand, small businesses can benefit from these same trends.” Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth as measured by the ADP Research Institute is not slowing meaningfully in contrast with the recent slowdown in the government’s data.  The economy is creating close to 200,000 jobs per month.  
 
After the data USD added few points. Euro is currently being traded few points above 1.0910 level, Sterling is around 1.54 handle, while Aussie is above 0.7170 area. Later today, Trade Balance data and Janet Yallen testimony are scheduled for a release.
More in this category: « UK Services PMI in line with market expectations US Trade Balance deficit narrowed to $40.8 billion »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.