US ADP Employment Change 4-week average drops to 15K
Private-sector hiring in the US has further cooled in mid-July. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 15K jobs per week in the four weeks ending July 11.
That marks another pullback from the prior reading (16.5K), showing an extra impasse in hiring.
Market reaction
The Greenback creeps higher, extending its multi-day recovery and prompting the US Dollar Index (DXY) to trade closer to its yearly peaks well past the 101.00 hurdle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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