Private Sector Lost Nearly 700,000 Jobs

By: Sean Alfano
Topics: Economic Stimulus

A new report indicates the U.S. private sector shed nearly 700,000 jobs in February.

According to the report compiled by ADP, construction jobs fell for the 25th-straight month. The manufacturing sector experienced its 36th-straight decline, the report said.

Small businesses (those with less than 50 workers) lost 262,000 jobs, while medium-sized companies cut payroll by 314,000 jobs.

"Sharply falling employment at medium- and small-size businesses clearly indicates that the recession is spreading aggressively beyond manufacturing and housing-related activities," the report notes.

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by philabias March 6, 2009 2:21 AM EST: I guess Obamas putting those 700,000 work work on that road he's so prode of or the bridge to nowhere, wait till they find out that they r among the rich 5% and pay the tax on unemployment.......JUst dont see it do you! Gezzzzzz; Reply to this comment


by GODSnLIBERALS March 5, 2009 12:49 AM EST: Posted by whitemale08 at 7:55 PM : Mar 4, 2009
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*****

let me take a wild stab at this..YOU WANT OBAMA TO SHOWER YOU WITH MONEY WHILE YOU SIT ON YOUR ARSE ALL DAY..; Reply to this comment


by GODSnLIBERALS March 5, 2009 12:45 AM EST: Even if President Obama fails, we will still blame Republican idealogy of 'trickle-down' voodoo economics.

President Obama is a friend to the 'middle-class' and is hated by the rich.

That's what happens when we live under Republicans, our economy goes down the drain and our jobs with it.
Posted by whitemale08 at 7:55 PM : Mar 4, 2009
+ report abuse + permalin

***************

that is pretty much an eloquent way of putting your finger over your ear and saying lalalallalalalalallalal..

whatever makes you happy; Reply to this comment


by whitemale08 March 4, 2009 10:55 PM EST: meaning..there were 700,000 more jobs DURING bush's tenure and it took 2 months of obama to loose it..wait a whole 4 years...
Posted by GODSnLIBERALS at 7:34 PM : Mar 4, 2009 --

Even if President Obama fails, we will still blame Republican idealogy of 'trickle-down' voodoo economics.

President Obama is a friend to the 'middle-class' and is hated by the rich.

That's what happens when we live under Republicans, our economy goes down the drain and our jobs with it.; Reply to this comment


by GODSnLIBERALS March 4, 2009 10:34 PM EST: meaning..there were 700,000 more jobs DURING bush's tenure and it took 2 months of obama to loose it..wait a whole 4 years...; Reply to this comment


by GODSnLIBERALS March 4, 2009 10:32 PM EST: more jobs are lost during obama's 2 months that in bush's 8 years...

PONDER ON THAT
Posted by GODSnLIBERALS at 6:32 PM : Mar 4, 2009 --

Hey clown,

the meager 2 million jobs that Bush created in the last 8 years were all government jobs, namely the military.

1/2 those jobs were lost in the last quarter of last year and the beginning of this year.

We know why it happened, it roots back to Wall Street Republican Alan Greenspan in 1987 after the stock market crash to package debt products and have Moody's certify them as AAA.

They're called 'credit-default-swaps' and derivatives and they're absolutely worthless!

Nixon set the path for our economy to go from manufacturing to debt by eliminating Bretton Woods treaty, then some 'B' actor named Ronnie Reagun comes in a busts up the unions that were trying to protect us from Wall Street/City of London looting our workers.

Just go back to England and take Druggie Limbaugh with you.
Posted by whitemale08 at 7:11 PM : Mar 4, 2009
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*******

thank you for your history lesson..Micheal Moore and Oliver Stone both would be proud on how you laid that pretty thick AND NOT CHARGE A PRICE OF A MOVIE TICKET..

again..really..we lost more jobs in 2 months of obama than 8 years of bush..I guess even the morons who voted for this 'CHANGE' do not have confidence in him.; Reply to this comment


by whitemale08 March 4, 2009 10:11 PM EST: more jobs are lost during obama's 2 months that in bush's 8 years...

PONDER ON THAT
Posted by GODSnLIBERALS at 6:32 PM : Mar 4, 2009 --

Hey clown,

the meager 2 million jobs that Bush created in the last 8 years were all government jobs, namely the military.

1/2 those jobs were lost in the last quarter of last year and the beginning of this year.

We know why it happened, it roots back to Wall Street Republican Alan Greenspan in 1987 after the stock market crash to package debt products and have Moody's certify them as AAA.

They're called 'credit-default-swaps' and derivatives and they're absolutely worthless!

Nixon set the path for our economy to go from manufacturing to debt by eliminating Bretton Woods treaty, then some 'B' actor named Ronnie Reagun comes in a busts up the unions that were trying to protect us from Wall Street/City of London looting our workers.

Just go back to England and take Druggie Limbaugh with you.; Reply to this comment


by GODSnLIBERALS March 4, 2009 9:33 PM EST: The US Marines and Mcdonald's are still hiring for all those whiney unemployed liberals; Reply to this comment


by GODSnLIBERALS March 4, 2009 9:32 PM EST: more jobs are lost during obama's 2 months that in bush's 8 years...

PONDER ON THAT; Reply to this comment


by whitemale08 March 4, 2009 8:41 PM EST: Thanks Ronnie/Bush I/Bush II/Limbaugh/Hannity.

Thanks for the decades of hollowing out the American economy with your worthless derivatives and credit-default-swaps.

Thanks for turning our nation into a 3rd world banana republic for the glory of the British empire of 'globalization'.

You clowns that worshiped Milton Friedman and the Chicago Boys, Reagan and his stupid trickle-down supply-side voodoo economic nonsense should be tried for treason and aiding and abetting the British Empire of 'globalization'.

You busted up our unions that protected our wages, you sent our good paying jobs overseas and you looted our country with worthless derivatives and credit-default-swaps.

Then you flew away with that loot to the Cayman Islands and hid it in Swiss Banks to protect it from your country's need for that money back.

HOW DARE YOU WORSHIP JUNKYARD DOGS SEAN HANNITY AND DRUGGIE LIMBAUGH!!!

HOW DARE YOU!!!; Reply to this comment