ADP: Private sector job growth slowed in March

CNN Money ^ | 04/03/2013 | By Tami Luhby

[SeekAndFind]

The pace of hiring by private employers slowed last month. Only 158,000 jobs were added, according to a report issued Wednesday by payroll-processing firm ADP.

This missed the consensus forecast from Briefing.com of 197,000 jobs, and was a sharp drop from February's job growth, which was revised upwards to 237,000 jobs added.

"The job market continues to improve, but in fits and starts," said Mark Zandi, chief economist of Moody's Analytics. "Construction employment gains paused as the rebuilding surge in the wake of Superstorm Sandy ended. Anticipation of health care reform may also be weighing on employment at companies with close to 50 employees."

[Third Person]

Unexpected.

[Uncle Miltie]

"The pace of hiring by private employers slowed last month"

"The job market continues to improve, but in fits and starts," said Mark Zandi, chief economist of Moody's Analyst

WTF?

[Chickensoup]

“The pace of hiring by private employers slowed last month”
“The job market continues to improve, but in fits and starts,” said Mark Zandi, chief economist of Moody’s Analyst
__________________________________________________

Public sector hiring.

[1010RD]

"Construction employment gains paused as the rebuilding surge in the wake of Superstorm Sandy ended."

AKA the Broken Window Fallacy in Economics

or if you don't feel like reading

Here's a video about economic fallacies where Krugman proves he's a moron. It's actually pretty good and makes why disasters, wars and destruction aren't growth

It's great for kids and every grandparent and parent should presume their kid doesn't know this and hasn't ever heard of it.

That centuries after Bastiat explained this college educated people still don't get it tells you the state of our republic. We still have to argue with conservatives that free trade is a good thing.