In a sign the recession is spreading unemployment woes, private sector employers cut 742,000 jobs from payrolls in March, according to ADP’s national employment report released Wednesday.
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The decline was nearly 80,000 more than the average analyst forecast of 663,000 job losses and the largest monthly payroll decline since ADP began tracking it in January 2001.
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Overheard by Bruce at work: 'I thought Obama was going to fix this.'