US private sector sheds 473,000 jobs in June - report

NEW YORK, July 1 (Reuters) - U.S. private employers cut 473,000 jobs in June, more than expected but down from from the 485,000 jobs lost in May, a report by a private employment service said on Wednesday.

The median of forecasts from 25 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC, was for 393,000 private-sector jobs lost in June.

June's job loss was the smallest since October 2008.

The May figure was revised from an originally reported loss of 532,000 jobs.

(Reporting by Burton Frierson, Editing by Chizu Nomiyama)