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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