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U.S. ADP non-farm payrolls increase 188,000 in June

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Investing.com - U.S. non-farm private employment rose more-than-expected in June, easing concerns over the U.S. labor market, industry data showed on Wednesday.

In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 188,000 in June, above expectations for an increase of 160,000.

The previous month's figure was revised down to a gain of 134,000 from a previously reported increase of 135,000.

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 gains against the euro, with EUR/USD shedding 0.2% to trade at 1.2953.

Meanwhile, U.S. stock index futures remained lower. The Dow Jones Industrial Average futures indicated a loss of 0.6% at the open, S&P 500 futures pointed to a drop of 0.6%, while the Nasdaq 100 futures indicated a decline of 0.6% 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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