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.