morning usd fundamental

‘The job market continues to grow at a moderate pace’ – Jonathan Basile, a senior economist at Credit Suisse in New York

U.S. companies added 170 thousand jobs in January

Impact High

The number of Americans who have found a job in the private sector in January declined to 170 thousand from a revised 292 thousand the prior month, the ADP Employer Services said on Wednesday.

‘The job market continues to grow at a moderate pace,’ said Jonathan Basile, a senior economist at Credit Suisse in New York. ‘We’re on a gradually improving path for the labor market.’

‘Other indicators suggest some firming of labor-market conditions as well, including the downward trend in unemployment claims, upturns in the components of consumer sentiment and confidence influenced by perceptions about the availability of jobs, and a rising trend in workers voluntary quitting their jobs,’ said Joel Prakken, chairman of Macroeconomic Advisers.

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