FILE PHOTO: A worker cuts swimwear fabric to be used by swimwear company Helen Jon, which converted its manufacturing facilities to make non-medical grade face masks, during the global outbreak of the coronavirus disease (COVID-19), in Los Angeles, California, U.S., April 9, 2020. REUTERS/Mario AnzuoniReuters

US private payrolls sank by a record 20.2 million in April as coronavirus layoffs persisted, according to a Wednesday report by ADP. 
The monthly decline was the worst in the report’s history going back to 2002, but was slightly less than the 20.6 million drop expected by economists surveyed by Bloomberg.
Service-providing payrolls dropped by 16 million in April, according to the ADP report, while goods-producing companies lost 4.2 million jobs.
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US private payrolls sank by a record 20.2 million in April as coronavirus layoffs persisted, according to a Wednesday report by ADP.

The monthly decline was the worst in the report’s history going back to 2002. While severe, the losses were slightly less than the 20.6 million decline expected by economists surveyed by Bloomberg. March employment was revised down to a 149,000 drop from a previously reported loss of 27,000. See the rest of the story at Business Insider

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