Wednesday, March 31, 2010

23,000 private sector jobs "unexpectedly" lost in March

(Reuters) - "Private employers unexpectedly shed jobs in March, dampening hopes about the strength of the recovery two days before the more closely watched government payrolls report.
  • In addition, U.S. Midwest business activity expanded less than expected in March while a gauge of New York City business conditions fell, separate reports showed on Wednesday.

U.S. private employers cut 23,000 jobs in March, missing expectations for an increase in jobs, but the decline was slightly less than the losses in February, according to the data by a payroll processing company.

  • "It throws a little cold water on the idea we were going to be adding jobs in March, which is a little disappointing. People thought finally this might be the month," said John Canally, investment strategist and economist for LPL Financial in Boston....

The median of estimates from 35 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC,

"Private sector cuts jobs in March," 3/31/10 ********

12/17/09: "AMY GOODMAN: You spoke yesterday here at the Bella Center (in Copenhagen) and said we cannot end global warming without ending capitalism. What did you mean?

  • PRESIDENT EVO MORALES: [translated] Capitalism is the worst enemy of humanity. Capitalism—and I’m speaking about irrational development—policies of unlimited industrialization are what destroys the environment.... So as long as we don’t review or revise those policies, it’s impossible to attend to humanity and life."...

"Bolivian President Evo Morales on Climate, Copenhagen, and Capitalism-The End of Capitalism," Democracy Now


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