Stocks pare losses after employment report

[June 04, 2008]  NEW YORK (AP) -- U.S. stock futures are pulling off their lows as an employment reading shows that the private sector added jobs last month.

The ADP National Employment Report arriving Wednesday shows that the private sector added 40,000 jobs in May, rather than declined by 60,000 as economists had been expecting, according to Dow Jones Newswires.

Dow Jones industrial average futures are down 20, or 0.16 percent, at 12,384, off their earlier lows.

[Associated Press; By TIM PARADIS]

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