All Eyes on Job Losses: 60,000 Drop Expected
Apr 4th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Politics & EconomicsThe March job report is expected to bring grim tidings about the health of the US economy.
The consensus on Wall Street is for nonfarm payrolls in March to fall by roughly 60,000 jobs. This will raise the unemployment rate from 4.8% to 5%.
Already, the private sector has shed jobs for four consecutive months, led by losses in manufacturing and construction.