March 2013 private sector jobs drop, 158000 jobs added down from 237000 in Feb, ADP report April 3, 2013, Obamacare impacting job growth
“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012
“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
From CNN Money April 3, 2013.
“ADP: Private sector job growth slowed in March”
“The pace of hiring by private employers slowed last month. Only 158,000 jobs were added, according to a report issued Wednesday by payroll-processing firm ADP.”
“”This missed the consensus forecast from Briefing.com of 197,000 jobs, and was a sharp drop from February’s job growth, which was revised upwards to 237,000 jobs added.”
“The job market continues to improve, but in fits and starts,” said Mark Zandi, chief economist of Moody’s Analytics. “Construction employment gains paused as the rebuilding surge in the wake of Superstorm Sandy ended. Anticipation of health care reform may also be weighing on employment at companies with close to 50 employees.””
“All eyes will be on the Labor Department’s monthly jobs report — which includes government employment — that will be released on Friday. The Briefing.com forecast is for the economy to have added 192,000 jobs in March and the unemployment rate to have remained steady at 7.7%.”
From the ADP press release.
“Goods-producing employment rose by 7,000 jobs in March, its slowest pace of growth in six months. Construction added no net jobs over the month; this follows average monthly gains of 29,000 in the three months prior. Meanwhile, manufacturers added 6,000 jobs.”