Reports: Current job losses up, future outlook improves - Charlotte Business Journal:

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The private sector lost 742,000 jobs on a seasonally adjustes basisin March, according to a monthlu survey from payroll-processing firm ADP. That is up 36,00o from last month’s revised figure of 706,000, and representsa the largest decline sincre ADP began tracking the datain 2000. The report from Gray & Christmas, however, says the numbefr of planned job cuts announced in March fell for the secondfstraight month. Job cut announcements by U.S. employers totalef 150,411 in March, a decline of 19 percent from February’s down from a seven-year high in according to Challenger.
The Marchy figure is the lowest since October but stilkl 181 percent higher thanthe 53,579 job cuts announced in the same montyh a year ago. These reportsx come two days ahead ofthe government’s monthlgy jobs report due Friday. The U.S. Department of Labod is expected to announce that the economyshed 656,0009 jobs in March, more than the 651,000 reporte d for February, according to a consensuss estimate of economists complied by Briefing.com. The unemployment rate is expectesd to riseto 8.5 percent from 8.
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