Investing.com - U.S private sector job creation increased more than expected in June adding to evidence that the economy may be stabilizing after a recent bout of weakness, according to data released on Wednesday.
Payroll processing firm ADP said non-farm payrolls rose by a seasonally adjusted 237,000 last month, compared to expectations for jobs growth of 218,000.
The economy created 203,000 jobs in May the report said up slightly from a previously reported 201,000.
While not viewed as a reliable guide for the government jobs report due on Thursday, it does give guidance on private-sector hiring.
The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 96.19, compared to 96.07 ahead of the report.