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The Washington Times Online Edition

U.S. lost 742,000 private-sector jobs

** FILE ** In this March 20, 2009, file photo, a group of job applicants arrives at the CUNY Big Apple Job Fair in New York. Some slivers of hopes about the economy helped Americans' feelings about the economy hold steady in March, after plummeting to historic lows in February. Americans are still gloomy about their future, given mounting layoffs and shrinking earnings. (AP File Photo/Mark Lennihan)** FILE ** In this March 20, 2009, file photo, a group of job applicants arrives at the CUNY Big Apple Job Fair in New York. Some slivers of hopes about the economy helped Americans’ feelings about the economy hold steady in March, after plummeting to historic lows in February. Americans are still gloomy about their future, given mounting layoffs and shrinking earnings. (AP File Photo/Mark Lennihan)

Private-sector employment decreased by 742,000 in March, according to a report Wednesday by Automatic Data Processing Inc.

The Roseland, N.J.-based company said its National Employment Report, in partnership with Macroeconomic Advisers LLC, is derived from payroll data and measures the change in total non-farm private employment each month.

The report was released about an hour before Wall Street opened and is expected to result in a drop in U.S. stock prices as the second quarter begins.

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About the Author
Joseph Weber

Joseph Weber

Joseph Weber is a congressional reporter, his first job upon coming to Washington in 1992. Mr. Weber joined The Washington Times in 2002 as a metro desk editor and ran the section for several years, working on such stories as the Virginia Tech massacre, the Supreme Court case on the District’s handgun law, the D.C. snipers and the 2008 presidential ...

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