ADP - 254,000 jobs lost in September, more than expected but down slightly from August
NEW YORK (CNNMoney.com) -- Private sector employment fell more than expected in September, according to a report released Wednesday.
Automatic Data Processing, a payroll-processing firm, said private-sector employers cut 254,000 jobs in September, down from a revised 277,000 in August.
It was the smallest monthly total since July 2008, but was worse than the 200,000 loss economists surveyed by Briefing.com had forecast.
Large businesses, those with 500 or more workers, let 61,000 workers go. Medium-sized businesses, with between 50 and 499 workers, shed 93,000 jobs. And small businesses, those with less than 50 workers, reduced payrolls by 100,000.
Automatic Data Processing, a payroll-processing firm, said private-sector employers cut 254,000 jobs in September, down from a revised 277,000 in August.
It was the smallest monthly total since July 2008, but was worse than the 200,000 loss economists surveyed by Briefing.com had forecast.
Large businesses, those with 500 or more workers, let 61,000 workers go. Medium-sized businesses, with between 50 and 499 workers, shed 93,000 jobs. And small businesses, those with less than 50 workers, reduced payrolls by 100,000.
Tags: job, losses, recession, unemployment
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