742,000 jobs cut in March

The Actual Unemployment numbers come out Friday but this is a foreboding report:

U.S. companies shed 742,000 jobs in March, payroll services company ADP said today, far more than forecasters had been expecting.

While there have been signs lately that the deterioration in the economy might be slowing, the ADP report was the latest reminder that the nation remains mired in a deep and stubborn recession. The group reported more job losses for March than it had for any other month since it began tracking them in 2001.

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