STOCKS NEWS EUROPE-Adecco falls as U.S. employers cut jobs

Wed Jul 1, 2009 9:23am EDT
 
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Shares in Adecco (ADEN.VX), the world's largest staffing company, fall 2.3 percent after the ADP Employer Services report shows U.S. private employers cut 473,000 jobs in June.

"The job cuts in the United States might be slowing down but more jobs were cut in June than expected. This is weighing on the stock," a trader says.

The shares of Adecco's Dutch rival Randstad (RAND.AS) lose 0.5 percent, against a 1 percent rise in the DJ STOXX European industrial goods and services index .SXNP.

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