The ADP employment report showed an increase in private sector jobs of 534,000 in November, just above the 525,000 of the market consensus and slightly below the 570,000 in October.
Nela Richardson, chief economist at ADP, describes that the average for the last three months was 543,000, which represents a slight rise compared to what was shown in other stages of this year. He adds that 15 million jobs have been created since the recovery began, although they are still 5 million below pre-pandemic levels.
The dollar it remained without significant changes after the ADP data, continuing with a kind of consolidation throughout the market. Later on Wednesday the ISM manufacturing will be published and in the American afternoon the Beige Book of the Federal Reserve. On Thursday it will be the turn of the weekly unemployment benefit requests report and on Friday the official November employment report with non-farm payrolls (consensus: 550,000) and the unemployment rate (8.4%).
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