Wednesday, March 31, 2010

ADP Report Shows Further Employment Declines

Nonfarm private employment decreased 23,000 from February to March on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from January 2010 to February 2010 was revised down slightly, from a decline of 20,000 to a decline of 24,000.

Friday's employment figure from the BLS should be stronger, since it will reflect the beginning of hiring of census workers.

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