Investing.com - U.S. non-farm private employment rose more-than-expected in April, easing concern over the strength of the U.S. labor market, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 220,000 this month, above expectations for an increase of 210,000.
March’s figure was revised up to a gain of 209,000 from a previously reported increase of 191,000.
While not viewed as a reliable guide for the government jobs report due on Friday, May 2, it does give guidance on private-sector hiring.
Following the release of the data, the U.S. dollar held on to losses against the euro to trade higher, with EUR/USD rising 0.25% to trade at 1.3846, compared to 1.3851 ahead of the data.
Meanwhile, U.S. stock index futures remained mixed. The Dow indicated a gain of 0.1% at the open, S&P 500 futures pointed to a decline of 0.1%, while the Nasdaq 100 indicated a drop of 0.25%.
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