Private sector employment increased by 177,000 jobs from July to August according to the August ADP National Employment Report. “Job growth in August was stable and consistent with levels from previous months as consumer conditions improve,” said Ahu Yildirmaz, vice president and head of the ADP Research Institute.
“Continued strong growth in service-providing jobs is offset by weakness in goods-producing areas.” Mark Zandi, chief economist of Moody’s Analytics, said, “The American job machine continues to humalong. Job creation remains strong, with most industries and companies of all sizes adding solidly to their payrolls. The U.S. economy will soon be at full employment.”
Euro is currently being traded around 1.1130 level, Sterling is at 1.31 handle, while Aussie is few points above 0.75 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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