(Reuters) – The private sector in the United States destroyed 33,000 jobs in June and job creations during the previous month were revised downwards, shows the monthly investigation of the ADP on Wednesday.
Economists interviewed by Reuters expected an average of 95,000 new jobs last month.
In May, job creations amounted to 29,000, compared to 37,000 initially announced.
The publication of the results of the ADP survey precedes the publication of the official report on the employment of the Labor Department, which will be published Thursday while this Friday is a holiday in the United States.
Economists interviewed by Reuters expect this official report shows that private job creations increased by 105,000 in June after progressing by 140,000 in May.
The yield of Treasuries at two years old, which was slightly increasing before the publication of the ADP survey, is now falling from 2 base points to 3.7581%.
American companies are faced with uncertainty around the commercial policy of the administration of Donald Trump, but they have not yet used massive layoffs, which maintains the job market at a rather stable level.
A separate report from the Challenger cabinet, Gray & Christmas shows that the job cuts announced by American employers fell 49% to 47,999 in June.
(Written by Lucia Mutikani; Diana Mandiá, edited by Blandine Hénault)
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