ADP: Private Sector Loses 742,000 Jobs

[girl gone mad]

The ADP reported losses have been much larger than BLS numbers for the past few months, but with ADP numbers this bad, expect Friday's report to show at least 600,000 jobs lost. This will be the 15th straight month of job losses.

From http://www.adpemploymentreport.com/pdf/FINAL_Report_March_09.pdf">ADP:

Nonfarm private employment decreased 742,000 from February to March 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®.
...
March’s ADP Report estimates nonfarm private employment in the service-providing sector fell by 415,000. Employment in the goods-producing sector declined 327,000, the twenty-seventh consecutive monthly decline. Employment in the manufacturing sector declined 206,000, its thirty-seventh consecutive decline.
...
In March, construction employment dropped 118,000. This was its twenty-sixth consecutive monthly decline, and brings the total decline in construction jobs since the peak in January 2007 to 1,135,000.

• Total small business employment: -284,000
• Total medium business employment: -330,000
• Total large business employment: -128,000

[OhioChick]

1. Time to stop outsourcing/H-1B's, L-1's, Renegotiate NAFTA, CAFTA, etc.

Until then, the bleeding will NOT stop.

[ixion]

4. exactly

that's where a large percentage of these jobs are going -- overseas or to imported cheap labor. :grr:

[Citizen Worker]

2. H-1B Visas and outsourcing

A few years ago an attorney friend went to work for a large
Seattle law firm.  Her field of expertise was employment law
and when I asked what she was doing at the new firm she told
me that her entire day each day was spent on processing H-1B
Visas for Microsoft.  I then asked a nephew who had recently
graduated from the UW, with a BS in Computer Science, how many
students were in his class.  He told me that the lecture
classes were standing room only with students "lining the
walls."  And Bill Gates says we're not graduating enough
programmers, computer designers, etc.

When will we recognize that outsourcing is the REAL national
security threat?

Peace

[OhioChick]

3. That's pathetic.

The US is graduating kids that are very bright in the Sciences. It's all about cheap labor, but we already knew that.

Did you see this "Microsoft wants more H1-B workers"

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=5369439

People don't realize the security risks involved with the tremendous amount of outsourcing. Foreign countries have access to all their personal information, SS #'s, financial information, medical records, etc. etc. etc.

I read a week or so ago where a group from Great Britain went to India to see how hard it would be to get credit card #'s belonging to their citizens. It was easy as hell....they were sold for about $20 each. This was the group's second attempt, yet.