The US private sector shed 491,000 jobs in April, fewer than expected by analysts, a survey by payrolls firm ADP data shows today in an indication that the prolonged US recession may be easing.
The April figure was much lower than the 708,000 job cuts in March and the 645,000 expected by most analysts.
Federal Reserve chairman Ben Bernanke said yesterday that the recession-hit US economy could rebound later this year but warned of more 'sizable' job losses and a still-fragile financial system.
