ADP Estimates Companies in U.S. Unexpectedly Cut Jobs
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Companies in the U.S. unexpectedly cut workers in August, data from a private report based on payrolls showed.
Employment fell by 10,000, the first drop since January, according to figures today from ADP Employer Services. The median estimate of 35 economists surveyed by Bloomberg News called for a gain of 15,000. Forecasts ranged from a decline of 50,000 to a 55,000 increase.