Archive for October, 2009

October 25th, 2009 by admin


ADP Nonfarm Private Employment Highlights – September Report:
• Total employment: -254,000
• Small businesses* -100,000
• Medium businesses** -93,000
• Large businesses*** -61,000
• Goods-producing sector: -151,000
• Service-providing sector: -103,000
• Manufacturing industry: -74,000
* Small businesses represent payrolls with 1-49 employees
** Medium businesses represent payrolls with 50-499 employees
*** Large businesses represent payrolls with more than 499 employees

Summary of the National Economic Situation

October 11th, 2009 by admin


Summary of the National Economic Situation
Nearly 7 million workers have lost their jobs since the economic downturn began. If the economy were to rebound sharply, the job market would have to create 400,000 jobs a month, every month, for two years to put those people back to work. Even if the recession is technically [...]