April 1, 2009

INSTANT VIEW: U.S. private sector job losses rise in March

U.S. private sector job losses accelerated in March, more than economists’ expectations, according to a report by ADP Employer Services on Wednesday.

ADP said private employers cut 742,000 jobs in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs. Economists had expected 655,000 private-sector job cuts in March, according to a recent Reuters poll.

Source: Reuters

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