{"id":98027,"date":"2024-03-06T18:01:00","date_gmt":"2024-03-06T14:01:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=98027"},"modified":"2024-03-06T18:23:14","modified_gmt":"2024-03-06T14:23:14","slug":"us-adp-private-sector-employment-rises-in-february","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-adp-private-sector-employment-rises-in-february\/03\/06\/market-updates\/","title":{"rendered":"US ADP private sector employment rises  in February"},"content":{"rendered":"\n<p>Private sector employment in the US increased by 140,000 in February, according to the Automatic Data Processing (ADP) report released on Wednesday. This figure represented a rise from the revised January number of 111,000 (previously reported as 107,000), but fell short of market expectations, which had anticipated a gain of 150,000 jobs.<\/p>\n\n\n\n<p>Nela Richardson, chief economist at ADP, commented on the survey&#8217;s results, noting that &#8220;job gains remain solid&#8221; and that &#8220;pay gains are trending lower but are still above inflation.&#8221; She emphasized that while the labor market continues to show dynamism, the data does not strongly influence expectations for a Federal Reserve rate decision this year.<\/p>\n\n\n\n<p>Following the release of the ADP employment data, the US Dollar experienced modest selling pressure. As of the latest update, the US Dollar Index was down 0.15% on the day, trading at 103.62.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private sector employment in the US increased by 140,000 in February, according to the Automatic Data Processing (ADP) report released on Wednesday. This figure represented a rise from the revised January number of 111,000 (previously reported as 107,000), but fell short of market expectations, which had anticipated a gain of 150,000 jobs. Nela Richardson, chief &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7075,6853,6885,8143,7822,6854],"class_list":["post-98027","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-adp","tag-employment","tag-fed","tag-interest-rate-hikes","tag-labour-market","tag-private-sector"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=98027"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98027\/revisions"}],"predecessor-version":[{"id":98028,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98027\/revisions\/98028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33495"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=98027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=98027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=98027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}