>> ASIAONE / NEWS / LATEST NEWS / BUSINESS / STORY
US private sector cut 473,000 jobs in June
Wed, Jul 01, 2009
AFP

WASHINGTON, US - The US private sector shed 473,000 jobs in June to cope with a prolonged recession, a survey by payrolls firm ADP showed Wednesday.

The job cuts were worse than the 395,000 expected by most analysts but lower than 485,000 in May, which was revised down by 47,000 from the previous 532,000 figure.

Monthly employment losses in April, May, and June averaged 492,000, a notable improvement over the first three months of the year, when monthly losses averaged 691,000, according to the latest ADP National Employment Report.

"Nevertheless, despite some recent indications that economic activity is stabilizing, employment, which usually trails overall economic activity, is likely to decline for at least several more months, although perhaps not as rapidly as during the last six months," ADP said. --AFP

 

 

 

 

 

 

 
 
STORY INDEX
 
  US private sector cut 473,000 jobs in June
   
 
  US mortgage applications fall to 7-month low
   
 
  Sri Lanka gives China first exclusive investment zone
   
 
  Oil above US$71 on inventory drop
   
 
  Iraq reviews oil tenders after foreign snub
   
 
  Asian shares mixed at start of second half
   
 
  Singapore shares close 0.83 percent higher
   
 
  GM returns to court to seek speedy bankruptcy exit
   
 
  Fiat CEO says Chrysler cash burn slows: report
   
 
  Auto sales seen showing signs of stability
   
We welcome contributions, comments and tips.
a1admin@sph.com.sg