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US private employers add more than forecast jobs

US private employers add more than forecast jobs

U.S. private employers created a robust 291,000 jobs in January, the highest since 2015, according to the ADP non-farm employment report released on Wednesday.

Analysts had predicted a job creation pace of 157,000 after a revised 199,000 jobs in December.

As known, this report is carefully watched as it provides clues about the health of the labor market ahead of Friday’s non-farm payrolls figures.

The non-farm payrolls report due on Friday may indicate that American employers created 156,000 jobs in January, and the unemployment rate has stabilized at 3.5 percent.

As of 14:00 GMT, the dollar climbed to hit a new session high at 98.05, the highest since earlery December last year. 

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