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ADP revised it's August to September job losses from 254,000 to 227,000 and said the most recent month saw a loss of 203,000 additional jobs.
Job losses are slowing, but the aggregate number of losses continues to increase. Construction lost 51,000 jobs in the latest monthly report, the 33rd consecutive month of job losses in the sector, which has shed more than 1.6 million jobs since January 2007.
Manufacturing, meanwhile, lost 65,000 jobs.
Firms with 500 or more employees lost 53,000 jobs, while medium-sized companies lost 75,000. Small companies, those with fewer than 50 workers, shed an additional 75,000 jobs, the smallest monthly total since July 2008.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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