August 5, 2009
Job losses sharply lower
Non-farm job losses in June to July showed marked improvement with a drop of 371,000 jobs in the month, Automatic Data Processing Inc. said Wednesday.
ADP reported an average job loss of 498,000 in three months prior to Wednesday's report. In February to March, ADP reported 742,000 non-farm jobs were lost. In three months this year, ADP reported job losses above 600,000.
Financial services lost 26,000 jobs, the 20th consecutive loss.
Goods producing jobs also declined, losing 169,000 positions, 99,000 of those in manufacturing, ADP said.