Companies eliminated more jobs than forecast in August, a private survey indicated today, signaling that employers have yet to gain confidence about a recovery from the deepest recession since the 1930s.
The 298,000 drop followed a revised 360,000 decline the prior month that was smaller than previously estimated, according to figures from ADP Employer Services.
U.S. Companies Cut 298,000 Jobs in August
Over the last year, US corporate leaders have often explained layoffs by saying the positions were...
