RTTNews - Private sector employment showed another notable decline in the month of July, according to a report released by Automatic Data Processing, Inc. (ADP) on Wednesday, although the pace of job losses slowed to its slowest rate since October of 2008.

ADP said non-farm private employment fell by 371,000 jobs in July following a revised decrease of 463,000 jobs in June. Economists had been expecting a decrease of about 350,000 jobs compared to the loss of 473,000 jobs originally reported for the previous month.

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