U.S. private employers created 428,000 jobs in August, clawing back to peak in jobs in February, according to the ADP non-farm employment report released on Wednesday.
Analysts had predicted a job creation pace of 1,250,000 after a revised 212,000 jobs in July.
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 government NFP may show the U.S. created 1,385,000 jobs last month, while the unemployment rate retreated to 10.1 percent from 10.9 percent.
As of 13:41 GMT, the
dollar traded higher at 92.64 compared to the session’s open at 92.23, resuming
its rebound from two-year low hit on Monday.