Jun 3, 2009, 9:41 a.m. EST
Private sector cuts 532,000 jobs in May, ADP says
WASHINGTON (MarketWatch) -- The U.S. private sector eliminated 532,000 net jobs in May, the fewest jobs lost since November, according to the ADP employment index released Wednesday.
Goods producing industries cut 267,000 jobs while services cut 265,000.
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