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Nearly 700,000 jobs in the private sector were lost in February, according to a report released Wednesday from payroll-processing company Automatic Data Processing (ADP).
March 4, 2009
1 Min Read
Nearly 700,000 jobs in the private sector were lost in February, according to a report released Wednesday from payroll-processing company Automatic Data Processing (ADP).
Calculated on payroll data, the ADP report showed the private sector eliminated 697,000 jobs on a seasonally adjusted basis in February. That's an increase of 175,000 job cuts, or 25 percent, from the 522,000 job cuts reported in January.
Source: CNNMoney.com,Private-Sector Payrolls Lose 697,000 Jobs
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