Risk Rap

Rapping About a World at Risk

US Economy Bleeding Jobs

The ADP National Employment Report was just released. The US economy is bleeding jobs. Over 693,000 jobs were lost during the month of December 2008. The report shows steep declines in all market segments that include, small and mid-size businesses, large businesses, manufacturers, service businesses and construction. The Report shows that job loss is accelerating more rapidly then observed levels during the 2001 recession.

Full ADP report and an explanation of their methodology can be accessed here.

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Risk: economy, jobs

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January 7, 2009 Posted by | economics, unemployment | , , , , , , | Leave a comment