- Analytics
- News and Tools
- Market News
- US: Private sector employment rises by 247K in April vs. 395K expected
US: Private sector employment rises by 247K in April vs. 395K expected
Private sector employment in the US rose by 247,000 in April, well below the expected gain of 395,000 jobs, according to US payroll company ADP's latest estimate of national employment change released on Wednesday. That marked a sharp decline in the rate of job gains after 479,000 were added to the US economy back in March, according to ADP data. The March job gain estimate had been revised slightly higher from 455,000.
Market Reaction
With ADP's estimate of monthly US employment change not regarded as a particularly accurate predictor of the Bureau of Labour Statistic's official non-farm payroll employment change number, which is scheduled for release on Friday, FX markets have not reacted to the latest data. Attention, for now, remains very much on the Fed's upcoming policy announcement.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
