Private-sector hiring in the US has gained some pace in late August. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 12K jobs per week in the four weeks ending August 22.
That marks a modest rebound from the prior reading (10K), showing some extra recovery in hiring.
Market reaction
The Greenback remains under pressure, trading at the lower end of its recent range. That said, the US Dollar Index (DXY) is challenging the area of four-month troughs around 98.60, building on recent losses.
Employment FAQs
Labor market conditions are a key element to assess the health of an economy…
Read the full article at FXSTREET.COM
