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US private employers create more than forecast jobs in August

US private employers create more than forecast jobs in August

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.

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