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View All NewsADP: Job loss lowest since September 2008
September 02, 2009
The U.S. lost 298,000 private-sector nonfarm jobs between July and August on a seasonally adjusted basis, according to the National Employment Report released today by Automatic Data Processing Inc. (NYSE: ADP). It's the smallest monthly decline since September 2008.
Service-sector employment fell by 146,000 and employment in the goods-producing sector fell by 152,000.
The report also revised downward the number of jobs lost in the previous monthly period to 360,000 from 371,000.
Data in the ADP report is derived from an anonymous subset of U.S. business clients.