Private Employment Fell By 473,000 Jobs In June

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12:29 GMT

Jul 2009

Private Employment Fell By 473,000 Jobs In June

(RTTNews) - Private sector employment fell by more than economists had been expecting in the month of June, according to a report released by Automatic Data Processing, Inc. on Wednesday, with the data suggesting continued weakness in the labor market.

ADP said that non-farm private employment fell by 473,000 jobs in June following a revised decrease of 485,000 jobs in May. Economists had expected a decrease of 394,000 jobs compared to the loss of 532,000 jobs originally reported for the previous month.

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