The U.S. private sector destroys jobs in June

The private sector in the first world economy that has just published in June destroyed 473,000 jobs, more than expected. However, involves less destruction of jobs since October 2008. This report generally anticipate monthly unemployment data from being carried out overnight.

According to a widespread company Automatic Data Processing (ADP), the increase in job destruction than expected means that the improvement of conditions in the labor market is slowing, despite other economic indicators show that the worst the recession has passed.

Analysts contacted by Bloomberg this month estimated that the private sector dispense a total of 395,000 jobs.

Also, the consultant has indicated that job losses were revised higher to lower, to 485,000 jobs from the 532,000 that were announced previously.

The employment report is followed closely by the markets since it is considered a barometer of the monthly unemployment data will be known tomorrow at 14.30 hours, as this Friday as a holiday in United States, the publication of the data forward a day. Tomorrow is also known requests weekly unemployment benefit.

U.S. could destroy a million jobs in 2009
On the other hand, the president of Macroeconomic Advisers, a company that produces the report in private sector employment with the company ADP, drew a dark picture for the labor market this year. According to Joel Prakken, head of the firm, in 2009 the U.S. could destroy between 800,000 and one million more jobs. As if this were not enough, Prakken estimated that the major economic power in the world will not create jobs until 2010.

In terms of economic growth, the president of Macroeconomic Advisers anticipated a modest rebound in the second half of 2009 to a range between 2% and 2.5%, just after the U.S. production registered a further decline in the second quarter.