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

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