In advance of the closely-watched ADP employment report, dealers were braced for growth of no less than 125, 000 jobs and while the private sector report can often buck the government report that follows two days later, it does broadly track labor market activity.
Weakening U.S. labor and factory activity has begun to drag on Mexican growth after the economy grew at a more than 4 percent rate in the first half of 2012, although exports rebounded in July.
While the US unemployment rate for November unexpectedly fell to 8.6 percent from 9 percent in October, recent jobs numbers may reflect deeper systemic problems in the nation with respect to labor and economic activity.
