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US private employers create more than forecast jobs in July

US private employers create more than forecast jobs in July

U.S. private employers created 156,000 jobs in July, according to the ADP non-farm employment report released on Wednesday.

Analysts had predicted a job creation pace of 150,000 after a revised 112,000 jobs in June, which was 102,000.

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 163,000 jobs last month, while the unemployment rate stood at 3.7 percent. 

As of 13:02 GMT, the dollar index traded slightly lower at 97.78, ahead of the Federal Reserve’s interest rate decision later in the day.

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