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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (81882)	3/31/2010 9:55:52 AM
From: JakeStraw	2 Recommendations Read Replies (1) \| Respond to of 224744

$23K additional jobs lost in March 2010...

To: Kenneth E. Phillipps who wrote (81882)	3/31/2010 10:39:38 AM
From: Hope Praytochange	1 Recommendation Respond to of 224744

Stock futures are falling after a payroll company's report provided a sobering reminder that the jobs market remains weak. ADP said employers slashed 23,000 jobs in March. Economists polled by Thomson Reuters had forecast the report would show employers added 40,000 jobs during the month. Ahead of the opening bell, Dow Jones industrial average futures fell 45 to 10,809. Standard & Poor's 500 index futures fell 5.90 to 1,163.50, while Nasdaq 100 index futures fell 9.75 to 1,955.75. The ADP report is seen as an early indicator of the Labor Department's employment report due out Friday. However, there can be wide variations because ADP only accounts for private-sector jobs. Economists expect the Labor Department's report to show employers added 190,000 jobs in March. It would be only the second monthly increase in jobs since the recession began in late 2007. The number could be somewhat inflated because the government hired temporary workers to conduct the 2010 census. The weak ADP report could temper some expectations for Friday's data. Jobs growth is considered vital to a strong, sustained recovery because it will give consumers more confidence to go out and spend on goods and services. And consumer spending is the biggest driver of economic activity in the country. The worse-than-expected jobs report appears set to provide a disappointing end to an otherwise strong first quarter.