U.S. private employers cut jobs in August, a report by a payrolls processor found.
Another report found the number of planned layoffs at U.S. firms fell to their lowest level in ten years, but there is little to suggest that companies are on the verge of hiring on a scale to lower the unemployment rate. The private sector eliminated 10,000 jobs in August compared with a revised gain of 37,000 jobs in July, according to ADP Employer services. The July figure had been reported as a gain of 42,000. Job losses have been driven by the public sector.
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