ADP Says U.S. Companies Decreased Payrolls by 298,000 in August

Companies in the U.S. cut fewer jobs in August as mounting evidence indicated the worst recession since the Great Depression may be ending, a private report based on payroll data showed today.

The estimated 298,000 drop was bigger than forecast and followed a revised 360,000 decline the prior month that was smaller than previously projected, according to figures from ADP Employer Services., Bloomberg
9/2/2009 8:52:51 AM