{"id":80569,"date":"2015-11-05T02:14:47","date_gmt":"2015-11-05T07:14:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=80569"},"modified":"2015-11-05T06:59:08","modified_gmt":"2015-11-05T11:59:08","slug":"dollar-firms-after-adp-jobs-number-beats-forecasts","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/dollar-firms-after-adp-jobs-number-beats-forecasts\/","title":{"rendered":"Dollar firms after ADP jobs number beats forecasts"},"content":{"rendered":"
November 5, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

The US dollar firmed on upbeat jobs data released on Wednesday which raised the chances of a rate hike by the Federal Reserve in December.<\/p>\n

A report from payroll processor ADP showed that the US private sector created 182,000 jobs last month. Economists expected to show an increase of 180,000 jobs. It was a slightly slower pace than the 200,000 jobs added in September, but markets reacted positively to the October number as the difference was marginal.<\/p>\n

Construction employment and trade\/transportation and utilities experienced the biggest gains, with both sectors adding 35,000 jobs each.<\/p>\n

Financial services and professional and business services also posted gains last month. The manufacturing sector, meanwhile, shed 2,000 jobs, echoing recent reports on the sector.<\/p>\n

In fact, a report earlier this week from the Institute for Supply Management showed factory growth nearly stalled last month.<\/p>

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The data come two days before the closely-watched monthly employment report from the Labor Department. Economists are expecting the world\u2019s biggest economy to have added 182,000 jobs last month, up from 142,000 the month prior.<\/p>\n

The jobs report has taken on even more significance than usual because it will be the second-to-last major reading on the labor market the Federal Reserve gets before it decides whether to increase short-term interest rates in December for the first time in nearly a decade. The central bank has said its decision will depend on a wide range of economic data, but it pays the closest attention to the slack in the labor force and measures of inflation.<\/p>\n

Fed funds futures imply traders see the odds of liftoff coming in December at about 50-50.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime The US dollar firmed on upbeat jobs data released on Wednesday which raised the chances of a rate hike by the Federal Reserve in December. A report from payroll processor ADP showed that the US private sector created 182,000 jobs last month. Economists expected to show an increase of 180,000 jobs. It […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-80569","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=80569"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80569\/revisions"}],"predecessor-version":[{"id":80591,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80569\/revisions\/80591"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}