Official labor numbers from the U.S. Bureau of Labor Statistics showed a higher-than-expected increase of147,000 jobs in June. The ADP report, released Wednesday, pointed to a decrease of 33,000 private sector jobs.

The dollar, Treasury yields and oil prices were little changed with the employment report in focus and recent data suggesting the Fed shouldn’t rush to cut rates.

U.S. stocks are drifting on Wednesday, as Wall Street’s record-breaking rally slows ahead of a highly anticipated report coming Thursday about the U.S. economy. The S&P 500 was edging down by 0.1% in early trading,