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U.S. Companies Eliminated an Estimated 203,000 Jobs in October, ADP Says

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JOBLESS RECOVERY
"Companies in the U.S. cut an estimated 203,000 jobs last month, according to a private report based on payroll data," according to Bloomberg. "The drop compares with a revised 227,000 decline the prior month, data from ADP Employer Services showed today. The figures were forecast to show a decline of 198,000 jobs, according to the median estimate of 34 economists in a Bloomberg survey."
SOURCE:   Bloomberg

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