532,000 Jobs Lost in the Private Sector for May

This does not include public sector jobs. Jobs report on Friday should be interesting: 

U.S. private employers chopped more than half a million jobs in May, signaling job conditions remain tough and dashing some hopes the economy was not deteriorating as rapidly as thought, a report on Wednesday showed.

U.S. companies axed 532,000 jobs last month, though this was fewer than the revised 545,000 jobs lost in April, according to the ADP National Employment Report.


2 Responses to “532,000 Jobs Lost in the Private Sector for May”

  1. 1 wongt August 5, 2009 at 10:05 AM

    This is not at all surprising. Everything is affected and it will be a while before America sees a light at the end of the tunnel. It took a while for America to dig itself into this hole, so it will take some time for it to get itself out. The question is, have we hit the bottom?

  2. 2 Patrick Powers August 6, 2009 at 3:58 PM

    Well these jobs were not at all crucial to the economy as they were bound to lose their job. These jobs had no security whatsoever and in times like this, we cant be paying those that arnt 100% needed. Not trying to be mean and all, but good luck for those half million and their families.

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