Private Firms Cut 39,000 Jobs in September

Roseland, NJ, Oct. 6, 2010--Private companies in the U.S. cut 39,000 jobs in September, according to the ADP employment report released Wednesday.

Economists had expected a 20,000 gain. This is the first decline in the ADP report since January.

In August, companies added a revised 10,000 jobs, up from the initial estimate of a drop of 10,000.

According to ADP, the goods-producing sector lost 45,000 jobs in September, including 17,000 in manufacturing. The service sector added 6,000 jobs.


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