Friday, March 6, 2009
Labor Wrap Up
BLS report really doesn't anything that the ADP didn't. Although the headline print of a 651,000 decrease in jobs was better than some forecasts, the prior month revisions paint a slightly worse scenario.
Nonetheless, including and since the Feb, 2008:
ADP reports 4.04 million jobs lost
BLS reports 4.31 million jobs lost
Posted by MK at 9:06 AM