U.S. private employers cut 298,000 jobs in August, fewer than a revised 360,000 jobs lost in July, a report by a private employment service said on Wednesday.

The July decline was originally reported at 371,000 last month.

The median of estimates from 31 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC, was for 250,000 private-sector jobs lost last month.

The ADP and Macroeconomic Advisers said its National Employment Report is designed as a proxy of the government's monthly non-farm payrolls report.

The U.S. Labor Department will release its August payroll figures at 8:30 a.m. EDT on Friday.

(Reporting by Richard Leong)

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