ADP reports 112K increase in private sector employment in July. June’s reading gets revised up to 112K from 102K. Participants ignore the data as focus shifts to FOMC meeting. The data published by the Automatic Data Processing (ADP) showed that employment in the private sector in July increased by 156,000 following June’s 112,000 (revised up from 102,000) reading and surpassed the market expectation of 150,000. The upbeat reading, however, failed to help the dollar gather strength as investors stay on the sidelines ahead of the FOMC’s policy announcements later today. At the moment, the US Dollar Index is virtually unchanged on the day at 98.08. Commenting on the data, “Job growth is healthy, but steadily slowing. Small businesses are suffering the brunt of the slowdown,” said Mark Zandi, chief economist of Moody’s Analytics. “Hampering job growth are labor shortages, layoffs at bricks-and-mortar retailers, and fallout from weaker global trade.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed: Market expectations may be overly dovish – ING FX Street 4 years ADP reports 112K increase in private sector employment in July. June's reading gets revised up to 112K from 102K. Participants ignore the data as focus shifts to FOMC meeting. The data published by the Automatic Data Processing (ADP) showed that employment in the private sector in July increased by 156,000 following June's 112,000 (revised up from 102,000) reading and surpassed the market expectation of 150,000. The upbeat reading, however, failed to help the dollar gather strength as investors stay on the sidelines ahead of the FOMC's policy announcements later today. At the moment, the US Dollar Index is virtually… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
