Indicator analysis: Weak ADP jobs data defies expectations
NEW YORK (Forex News Now) – The U.S. private sector unexpectedly shed jobs in September, the payroll processing company ADP said in a report on Wednesday in one of the day’s spotlight realtime forex news events.
In a report that was scrutinized by FX traders, ADP, the world’s largest company of its kind, said private U.S. employers shed 39,000 jobs during the month, after adding a revised 10,000 in August.
Analysts had expected the data to show an increase of 23,000 new jobs, according to two currency market trading news outlets.
Comments (0 comment(s))