Wednesday, April 1, 2009

Gearing Up for Friday: Employment Data

ADP released their employment data today: 742,000 jobs lost in the month of March alone. January's and February's were revised downward to losses of 655,000 and 706,000 respectively. Total job losses since the start of the recession now tally 4,813,000. A simple regression points to a loss of 725,000 jobs in the BLS report.

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