Debate Politics Forums - View Single Post - U.S. Stocks Tumble: Some Comparisons from Past Recessions

donsutherland1 · 07-02-08, 08:39 AM

The ADP employment report proved worse than economists had forecast. The report showed that private sector employers cut 79,000 jobs, the biggest decline since November 2002. Economists had forecast a loss of 20,000 jobs. Planned job cuts fell from May's figure.

07-02-08, 08:39 AM	#24 (permalink)
donsutherland1 Moderator Mod team member Join Date: Oct 2007 Last Online: Today 12:29 PM Location: New York Posts: 2,467 Thanks: 814 Thanked 1,572 Times in 877 Posts Lean: Centrist Gender: Awards:	Re: U.S. Stocks Tumble: Some Comparisons from Past Recessions The ADP employment report proved worse than economists had forecast. The report showed that private sector employers cut 79,000 jobs, the biggest decline since November 2002. Economists had forecast a loss of 20,000 jobs. Planned job cuts fell from May's figure.