Open

Coming up

Don't miss

Replay


LATEST SHOWS

FASHION

Paris, Haute Couture Fall/Winter 2014-2015.

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

  • Israeli platoon attacks Hamas base as tanks line up along Gaza border

    Read more

  • Iraqi parliament resumes session on key appointments

    Read more

  • Holland beat hosts Brazil 3-0 to finish third in World Cup

    Read more

  • French court lifts mayor’s ban of Muslim hijab on beach

    Read more

  • Rival Libyan militias exchange heavy fire at Tripoli airport

    Read more

  • Afghan presidential candidates agree to full vote audit, Kerry says

    Read more

  • Germany vs Argentina - history and genius clash in World Cup final

    Read more

  • France’s Kadri wins eighth stage at Tour de France

    Read more

  • Last of the Ramones, Tommy Ramone, dies aged 62

    Read more

  • Video: Outrage in wake of deadly Casablanca buildings collapse

    Read more

  • Iraqi forces ‘executed prisoners in reprisal’ for ISIS killings

    Read more

  • Ukraine promises retaliation after rebel assault

    Read more

  • Putin revives old Cuban flame and eyes Latin American minerals

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Cleveland's NBA fans hail 'return of king' LeBron James

    Read more

Business

US private sector cuts 254,000 jobs in September

©

Text by NEWS WIRES

Latest update : 2009-09-30

According to the ADP National Employment Report, the US private sector shed 254,000 jobs in September, showing some improvement in the brutal pace of layoffs as the figure is the smallest in more than a year.

AFP - The US private sector shed 254,000 jobs in September, payrolls firm ADP said Wednesday in a survey showing some improvement in the brutal pace of layoffs.

The figure was the smallest number of job losses in more than a year for nonfarm private employment but higher than the 200,000 expected by most analysts.

The ADP survey, which provides a clue toward official unemployment reports, revised the job losses in August by 21,000, from a decline of 298,000 to a decline of 277,000 and the July figure by 11,000 from a decline of 371,000 to a decline of 360,000.

September's employment decline was the smallest since July of 2008 and employment losses have diminished significantly over the last two quarters, ADB said in a statement.

"Nevertheless, employment, which usually trails overall economic activity, is likely to decline for at least several more months, with losses continuing to diminish," it said.

The ADP report came ahead of Friday's monthly report on the US job market, which is expected to show a loss of another 180,000 jobs and the unemployment rate rising from the current 9.7 percent to 9.9 percent.

September's ADP report estimates nonfarm private employment in the service-providing sector fell by 103,000 while that in the goods-producing sector by 151,000 and the manufacturing sector by 74,000.

Large businesses, defined as those with 500 or more workers, saw employment decline by 61,000, while medium-size businesses with between 50 and 499 workers declined 93,000, it said.

Employment among small-size businesses, defined as those with fewer than 50 workers, declined 100,000.

Employment losses among small businesses have diminished in each of the last six months.

Date created : 2009-09-30

Comments

COMMENT(S)