U.S. private employers created 195,000 jobs in August, according to the ADP non-farm employment report released on Thursday.
Analysts had predicted a job creation pace of 148,000 after a revised 142,000 jobs in June, which was 156,000.
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 160,000 jobs last month, while the unemployment rate stood at 3.7 percent.
As of 12:22 GMT, the dollar index recovered some
of its earlier losses, as it soared to 98.17 after falling to a low of 98.08.