US employment on a steady ship, keeping a steady Dollar
The US employment data was released just a while ago. The ADP (automatic data processing) non-farm employment number were expected ar 171k but it came at 179k. That´s not a huge hump but it shows that the US employment sector is on a pretty god path without any big surprises and even if there is any it usually is on the positive side.
The medium and the large businesses registered the largest increase if you look at the components of this publication. That´s a good sign because in times of crises the small family-run businesses offer the cheapest services, so they are the ones where the consumer goes to receive cheap stuff.
But this publication shows that the medium and the large business are the ones which are exceeding the employment expectations and that means that the US economy in general, is on the right path. The USD does not very interested at the moment but we´ll see if the final services PMI and the non-manufacturing PMI will lighten things up.
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