This statement determines the change in the level of those employed during the past month, excluding those employed in the agricultural sector
This indicator is published two days before the publication of the ADP Employment Report by the Official Bureau of Human Resources Statistics, which provides employment solutions for companies.
Private companies in the United States hired 177,000 workers in August 2023, the lowest in five months, missing market expectations for a rise of 195,000 and after an upwardly revised increase of 371,000 in July. The service provision sector added 154 thousand jobs, led by education and health (52 thousand), trade, transportation and utilities (45 thousand), entertainment and hospitality (30 thousand), professional and business (15 thousand), and information (5 thousand). In addition, the goods production sector added 23,000 jobs, with increases in manufacturing (12,000), construction (6,000) and mining (5,000). “This month’s numbers are consistent with the pace of job creation before the pandemic,” said Nella Richardson, chief economist at ADP. “After two years of exceptional recovery-related gains, we are moving toward more sustainable growth in wages and employment as the economic impacts of the pandemic subside.”

Expectations for today's statement and how it will affect the currency

Expectations for today's statement are 154 thousand
If data is released with numbers higher than expectations, this will have a positive impact on the currency and vice versa

Timing of issuance of the statement

The statement will be issued at 3:15 pm Mecca time



Tags: EUR-CHF USD ADP

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