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Recession creep: Job loss increasing

Nonfarm private employment decreased 742,000 from February to March 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from January to February was revised down by 9,000, from a decline of 697,000 to a decline of 706,000.

And this number will likely be revised downward. Remember when a couple hundred thousand job losses a month was shocking? And a large chunk of this large number is based here at home in California.

Yay.

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