Private Sector Job Losses Slow In April, By Over 200,000

From Reuter’s News Service:

NEW YORK (Reuters) – U.S. private sector job losses slowed in April, coming in below economists’ expectations, 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 that was originally reported at 742,000 jobs lost.

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

(Reporting by Burton Frierson, Editing by Chizu Nomiyama)

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