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U.S. ADP non-farm payrolls increase 158,000 in March

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Investing.com - U.S. non-farm private employment rose less-than-expected in March, underlining concerns over the fragile U.S. economic recovery, industry data showed on Wednesday.

In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 158,000 in March, below expectations for an increase of 200,000.

The previous month's figure was revised up to a gain of 237,000 from a previously reported increase of 198,000.

While not viewed as a reliable guide for the government jobs report due Friday, it does give guidance on private-sector hiring.

Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD easing up 0.13% to trade at 1.2834.

Meanwhile, U.S. stock index futures trimmed modest gains. The Dow Jones Industrial Average futures indicated a gain of 0.1% at the open, S&P 500 futures advanced 0.1%, while the Nasdaq 100 futures indicated a rise of 0.1% at the open.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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