The latest ADP employment report is about as bad as expected, which is an accomplishment, of sorts:
Nonfarm private employment decreased 697,000 from January 2009 to February 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from December 2008 to January 2009 was revised down by 92,000, from
a decline of 522,000 to a decline of 614,000.
More here.
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