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Private sector employment in the US rose 150,000 in June and annual pay was up 4.9% year-over-year, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed the 157,000 increase (revised from 152,000) recorded in May and came in below the market expectation of 160,000.
Commenting on the survey’s findings, « job growth has been solid, but not broad-based, » said Nela Richardson, chief economist, ADP. « Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month. »
MARKET REACTION TO ADP EMPLOYMENT DATA
The US Dollar Index edged lower following the ADP Employment Change data and was last seen losing 0.1% on the day at 105.56.
US DOLLAR PRICE TODAY
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the British Pound.
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