U.S. private sector sheds 473,000 jobs in June: report

01 July 2009 @ 08:32 am EDT

U.S. private employers cut 473,000 jobs in June, more than expected but down from the 485,000 jobs lost in May, a report by a private employment service said on Wednesday.


The entrance to the Manhattan branch of the New York State Department of Labor
The entrance to the Manhattan branch of the New York State Department of Labor is seen March 4, 2009.
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The median of forecasts from 25 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC, was for 393,000 private-sector jobs lost in June.

June's job loss was the smallest since October 2008.

The May figure was revised from an originally reported loss of 532,000 jobs.

(Reporting by Burton Frierson, Editing by Chizu Nomiyama)

Copyright 2009 Thomson Reuters. All rights reserved.

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