The EVF is an international case study anddiscussion forum developed and hosted by IC Sciences Corporation(). The EVF NGHI (next generation health Internet) communitycomes together to share clinical observations, findings, and cases that allserve to accelerate the awareness and adoption of the most innovative andsometimes controversial procedures among physicians in the minimally invasivemedical community. To learn more about the Endovascular Forum, please visit Sciences CorporationPublic RelationsOne Joy StreetBoston, MA021081-866-804-6296SOURCEIC Sciences CorporationKathy Boyd David of SCAI, +1-800-992-7224; or IC Sciences, +1-866-804-6296. (Updates with details, comments) By Burton Frierson NEW YORK, May 6 (Reuters) - U.S. private-sector job lossesslowed much more than expected in April, hitting their lowestsince November last year, according to a report by ADP EmployerServices on Wednesday.
ADP said private employers cut 491,000 jobs in April versusa revised 708,000 lost in March, originally reported as a lossof 742,000 jobs. Economists expected 650,000 private-sector job cuts inApril, according to a Reuters poll. The report is the latest in a series of data suggesting thesevere U.S. recession may be bottoming out, though it is tooearly to say recovery is underway.
"This is one of many indicators that has suggestedimprovement, but it is volatile and is only one month. Tooearly to read anything further into it," said Subodh Kumar,chief investment strategist at Subodh Kumar & Associates inToronto. The data comes ahead of Friday's more comprehensivenon-farm payrolls report by the government. Economists expect Friday's payrolls report to show theeconomy shed 620,000 jobs in April and the unemployment ratejumped to 8.9 percent from 8.5 percent U.S stocks rose about 1 percent in opening trade, whileU.S government bonds extended their losses. The coming months' data on job losses should resembleApril's improved figures rather than the steeper cuts seen inrecent months, said Joel Prakken, chairman of MacroeconomicAdvisers. "Maybe improving gradually, but still fairly significantnegative numbers, and I don't expect to see employment startrising really until sometime towards the end of the year," saidPrakken, whose firm jointly developed the ADP Employer Servicesreport.