Private sector employment continued to decrease in September, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday, although the pace of decline in jobs fell to its slowest rate since July of 2008.
The report showed that non-farm private employment fell by 254,000 jobs in September following a revised decrease of 277,000 jobs in August. Economists had expected a loss of about 240,000 jobs compared to the drop of 298,000 jobs originally reported for the previous month.
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