693,000 Jobs Lost in December
Submitted by manystrom on Wed, 01/07/2009 - 09:13
WASHINGTON (MarketWatch) -- U.S. private-sector firms shed 693,000 jobs in December, far worse than expected, according to the ADP employment index released Wednesday.
Employment in the services sector fell by 473,000, while employment in the goods-producing sectors fell by 220,000. Large firms cut 91,000 jobs, medium-sized firms cut 321,000 jobs and small firms cut 281,000 jobs.
"Sharply falling employment at medium- and small-size businesses clearly indicates that the recession has now spread well beyond manufacturing and housing-related activities," said economists for Macroeconomics Advisers in a press release.
http://www.marketwatch.com/news/story/ADP-shows-693000-jobs-...
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Why the discrepency?
Hmm... CNN reported today that around 160k jobs were lost in Dec.
I wonder...where did they get their figures from?
“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.” -- John Quincy Adams
sadly
it will be some of these people that the IRS targets when their taxes don't come in
And pundits are calling a
And pundits are calling a "recovery" in 2009. What a joke.
http://federalfallacy.com
http://federalfallacy.com
this is just
the beginning.
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul