- Analytics
- News and Tools
- Market News
- US private sector employment rises 103,000 in November vs. 130,000 expected
US private sector employment rises 103,000 in November vs. 130,000 expected
- Private sector employment grew at a softer pace than expected in November.
- US Dollar Index continues to fluctuate at around 104.00.
Private sector employment in the US rose by 103,000 in November, the data published by Automatic Data Processing (ADP) showed on Wednesday. This reading followed the 106,000 increase recorded in October (revised from 113,000) and came in below the market expectation of 130,000.
Assessing the survey's findings, "restaurants and hotels were the biggest job creators during the post-pandemic recovery," said Nela Richardson, chief economist, ADP. "But that boost is behind us, and the return to trend in leisure and hospitality suggests the economy as a whole will see more moderate hiring and wage growth in 2024."
Further details of the publication revealed that the annual pay was up 5.6% year-over-year in November.
Market reaction
The US Dollar Index showed no immediate reaction to these figures and was last seen moving sideways at around 104.00.
© 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
