By  on September 3, 2009

After dropping a total of 2.3 percent in the previous two days, retail stocks fell 0.3 percent on Wednesday as a new report showed the job market, while still tough, improved a bit last month.

Private employers shed 298,000 jobs in August, a slowdown in the rate of decline from the 360,000 positions eliminated in July, according to the ADP National Employment Report. It was the smallest drop in employment since September 2008.

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