Democratic Underground - Private sector sheds 39,000 jobs in September

Private sector sheds 39,000 jobs in September [View All]

Freddie Stubbs

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Wed Oct-06-10 07:54 AM
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Private sector sheds 39,000 jobs in September

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Source: Reuters

NEW YORK (Reuters) - Private employers unexpectedly cut 39,000 jobs in September after an upwardly revised gain of 10,000 in August, a report by a payrolls processor showed on Wednesday.

The August figure was originally reported as a loss of 10,000.

The median of estimates from 38 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC, was for a rise of 24,000 private-sector jobs in September.

The ADP figures come ahead of the government's much more comprehensive labor market report on Friday, which includes both public and private sector employment.

Read more: http://finance.yahoo.com/news/Private-sector-sheds-39000-rb-1277482169.html?x=0&.v=1

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Private sector sheds 39,000 jobs in September [View All]