NEW YORK, Sept 1 U.S. private employers
unexpectedly cut 10,000 jobs in August compared to a revised
gain of 37,000 in July, a report by a payrolls processor showed
The July figure was originally reported as a gain of
The median of estimates from 34 economists surveyed by
Reuters for the ADP Employer Services report, jointly developed
with Macroeconomic Advisers LLC, was for a rise of 19,000
private-sector jobs in August.
The ADP figures come ahead of the government's much more
comprehensive labor market report on Friday, which includes
both public and private sector employment.
That report is expected to show a fall in overall nonfarm
payrolls of 100,000 in August, based on a Reuters poll of
analysts, but a rise in private payrolls of 41,000. [ECI/US]
Economists often refer to the ADP report to fine-tune their
expectations for the payrolls numbers, though it is not always
accurate in predicting the outcome.
(Reporting by Burton Frierson)