US: ADP Employment Change prints +291K in January vs. 156K expected
|- Employment in the private sector rose more than expected in January.
- US Dollar Index clings to daily gains above 98 mark.
Employment Change in the US private sector came in at +291,000 in January following December's increase of 199,000 (revised from 202,000), the Automatic Data Processing (ADP) reported on Wednesday.
The US Dollar Index edged higher after the data and was last up 0.18% on a daily basis at 98.12.
Commenting on the data, "the labor market experienced expanded payrolls in January,” said Ahu Yildirmaz, vice president and cohead of the ADP Research Institute. “Job creation was strong among midsized companies, though small companies enjoyed the strongest performance in the last 18 months.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.