The ADP National Employment Report revealed Wednesday that private employers hired 158,000 workers in March -- the smallest gain in five months and below economists' forecasts of around 200,000. And there were mostly in low-paying service sector jobs.The Dow is off almost 100 points; the S & P is down an incredible 15 points (how often do we see losses like that) and the price of oil is plummeting, down $2.50.
This suggests to me, that finally, the Steve Liesmans of the world and the Obama apologists can no longer spin the employment / unemployment story. Hopefully the numbers are good tomorrow and Friday or it's going to be another long weekend. And not because of Good Friday.
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