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Businesses cut 2.76 million jobs in May, private payroll data shows

1 month ago   |   By Daily Mail

The ADP National Employment Report on Wednesday showed private employers laid off another 2.76 million workers last month, after a record 19.557 million in April.
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US private companies cut just 2.8 million jobs in May following nearly 20 million in April

US private companies cut just 2.8 million jobs in May following nearly 20 million in April

1 month ago   |   By The Independent

Private sector was expected to lay off more than 9 million people, indicating economic plunge may be slowing faster than anticipated
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US companies cut 2.76 million jobs in May, less than one-third of what economists expected, ADP says

US companies cut 2.76 million jobs in May, less than one-third of what economists expected, ADP says

1 month ago   |   By Business Insider

US private payrolls sank by 2.76 million in May as coronavirus layoffs persisted, according to a Wednesday report by ADP .
That's a sharp decline from April's record loss of 19.6 million jobs. It's also much lower than expectations - economists forecast a decline of 9.5 million jobs.
The sharpest declines in May were in manufacturing and trade, transportation, and utilities jobs, according to the report.
Visit Business Insider's homepage for more stories .
Employers in May cut millions fewer payrolls than economists expected, potentially signaling that job losses due to the coronavirus...
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