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U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012. REUTERS/Shamil Zhumatov (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

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U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012. REUTERS/Shamil Zhumatov (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

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Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

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ADP signals 300,000 drop for November payrolls: Prakken

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NEW YORK | Wed Dec 3, 2008 11:39am EST

NEW YORK (Reuters) - A report showing private employers cut 250,000 jobs in November suggests the government's more comprehensive non-farm payrolls report on Friday will show a loss of 300,000 jobs or more, Joel Prakken, chairman of Macroeconomic Advisers, said on Wednesday.

The private sector jobs report was released by ADP Employer Services and jointly developed with Macroeconomic Advisers LLC.

Economists expect the November payrolls report to show the economy shed 320,000 jobs, according to the median of forecasts in a Reuters poll.

(Reporting by Burton Frierson; Editing by Tom Hals)
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