US private-sector job losses slow-ADP report

U.S. private-sector job losses slowed much more than expected in April, hitting their lowest since November last year, according to a report by ADP Employer Services on Wednesday.

ADP said private employers cut 491,000 jobs in April versus a revised 708,000 lost in March, originally reported as a loss of 742,000 jobs.

Economists expected 650,000 private-sector job cuts in April, according to a Reuters poll.

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- Posted: 2009-05-06 09:45:57

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