March 3, 2010
Private Sector Loses 20K Jobs
By Matthew L. Brown
Private employers shed 20,000 jobs between January and February, according to the monthly ADP National Employment Report.
Between December and January, the private sector cut 60,000. The February employment decline was the smallest since February 2008.
During the month, employment in the services sector increased by 17,000. It was the second consecutive month of employment growth in the sector, but was not enough to offset continued losses in the goods-producing sector, which lost 37,000 jobs.
Employment in the manufacturing sector grew by 3,000, the first month of growth for the sector since January 2008.
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