Another Bear Market sucker Rally.
How many times are they going to try and sucker us back in? Until we completely lose it all is the answer. Then the real rally will begin when we can't participate because we lost it all in the Bear Market sucker Rallies. 697k lost jobs? We are quickly approaching 3/4 of a million jobs lost per month. at this rate is not hard to see 1 million lost jobs per month. Can you imagine 12 Million jobs lost in just a single year?
U.S. private sector cuts 697,000 jobs in February
Wednesday March 4, 8:35 am ET
NEW YORK (Reuters) - U.S. private sector job losses accelerated in February, according to a report by ADP Employer Services on Wednesday that came in worse than economists' expectations.
ADP said private employers cut 697,000 jobs in February versus a revised 614,000 jobs lost in January. The January job cuts were originally reported at 522,000.
Economists had expected 610,000 private-sector job cuts in February, according to the median of 23 forecasts in a Reuters poll, which ranged widely from a drop of 730,000 to losses of 500,000.
(Reporting by Burton Frierson; Editing by James Dalgleish)