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Overnight Open Thread

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RogueOne3/31/2010 8:41:05 am PDT

More good news for Mr. Reid: “we only lost 23,000 jobs last month”

Private sector sheds 23,000 jobs in March


U.S. private employers unexpectedly shed more jobs in March, dampening hopes for job growth ahead of Friday’s key employment report.

Adding to the day’s weaker sentiment, 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 although fewer than the adjusted 24,000 jobs lost in February, according to the data by a private employment service.

A whole 1,000 less than the previous month. At this rate we should start creating jobs in just under 2 years! Woot! Let the good times roll, or something.

reuters.com