Thursday, April 02, 2009
(Reuters) –" Job losses in the U.S. private sector accelerated in March, more than economists' expectations, according to a report by ADP Employer Services on Wednesday.Private employers cut jobs by a record 742,000 in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs, said ADP, which has been carrying out the survey since 2001.
The big drop foreshadows a huge decline in the non-farm payroll reading in the government's employment report that will be released on Friday, some analysts said."
UnEmployment this Month has hit 8.5%, which is what it was in 1983.We all know it is higher in some States and Counties.
Meanwhile Cantor says that Dems are over-reacting to the Economic Crisis.....
Another point that needs to be made- think of the 2 Million that have been Laid Off in the past few monthes- they don't have Health Insurance or Healthcare at this Critical Juncture in their lives, and that really means that now our UnInsured Numbers are actually over 50 Million....the Entire Population of Canada....