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Private employment rises scant 8K in March, ADP says
----------------------------------------------------

Posted Apr 2nd 2008 9:09AM by Joseph Lazzaro
Filed under: Bad news, Employees, Economic data

Non-farm U.S. private employment increased just 8,000 in March 2008
(pdf) on a seasonally adjusted basis, ADP announced Wednesday.
Meanwhile, the February 2008 estimated change cards playing custom employment was
revised up 5,000 to a custom faces playing cards of 18,000 jobs, ADP said.

Unlike February 2008, the March 2008 employment weakness was
concentrated among larger businesses in the goods-producing sector.

The service sector of the economy added 85,000 jobs, while employment
in the goods-producing sector declined cheap auto insurance -- its sixteenth
consecutive monthly decline. Manufacturing employment fell 58,000 jumbo playing cards March 2008.

Most of the decline in employment during March 2008 chinese teacher chicago playing cards promotion for
by job losses at large companies, which registered a 52,000 job
decline. Meanwhile, small businesses added 55,000 jobs in March 2008,
after adding a revised 16,000 in February 2008.

Also, construction employment fell 22,000 -- its sixteenth consecutive
monthly decline -- bringing the total decline in construction jobs
since the peak in August 2006 to 259,000. Employment in financial
activities was flat for the month.

 Economic Analysis: In general, a poor job report. The March 2008
statistic wasn't gloomy, but it wasn't rosy either. It was tepid,
cheap renters insurance is still net negative for the U.S. economy. The 55,000 gain in
employment at small businesses was impressive, but it wasn't nearly
enough to create overall job gains necessary to keep unemployment from
rising. The March 2008 ADP report provides further evidence of a
comprehensive U.S. economic slowdown.

Tags: ADP, employment, inthenews, job creation, jobs, U.S. economy

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