The US private sector added about 177,000 jobs in August, according to figures issued moments ago by the ADP, after adding about 371,000 jobs in the revised July reading, while expectations were for the addition of 194,000 jobs, while the annual wage rate increased by 5.9%.

In the details, the commodity production sector added about 23,000 jobs, as the construction sector added about 6,000 jobs, while the manufacturing sector added 12,000 jobs, while the services sector, which includes the sectors of trade, transportation, utilities, activities, and information, added about 154,000 jobs.

On the other hand, the gross domestic product of the United States of America recorded growth in the second quarter of this year, which ended in June, in the second reading, according to the report of the Bureau of Economic Analysis issued just before, by 2.1%, compared to 2.4% in the first reading, and compared to a growth of about 2% in the first quarter of This year, expectations were stable at 2.4%.

The gross domestic product in dollars increased by 4.1% at an annual rate, or $268.6 billion, to reach $26.80 trillion.

The US dollar is declining for the third consecutive session, with a loss of about 0.42%, and it is trading at 103.05 levels, after losing about 0.40% yesterday, Tuesday, after negative numbers of consumer confidence and the labor market, as the markets’ expectations for the Federal Reserve to raise interest rates declined at the next bank meeting in September.