Private Firms Cut 39,000 Jobs in September

Roseland, NJ, Oct. 6, 2010–Private companies in the U.S. cut 39,000 jobs in September, according to the ADP employment report released Wednesday.

Economists had expected a 20,000 gain. This is the first decline in the ADP report since January.

In August, companies added a revised 10,000 jobs, up from the initial estimate of a drop of 10,000.

According to ADP, the goods-producing sector lost 45,000 jobs in September, including 17,000 in manufacturing. The service sector added 6,000 jobs.