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IPFS News Link • Economy - Economics USA

ADP Says U.S. Companies Decreased Payrolls by 371,000

08-05-2009 • Bloomberg.com

The estimated 371,000 drop, higher than economists forecast, followed a revised 463,000 drop the prior month, figures from ADP Employer Services showed today.

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Reported By Jack Gregson

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1 Comments in Response to ADP Says U.S. Companies Decreased Payrolls by 371,000

Comment by Lucky Red

Entered on: 8/5/2009 9:30:37 AM

Wow! Another startling revelation!

People are getting laid off to the tune of a quarter of a million per month and rocket scientist ADP reports that companies are decreasing their payroll...no shit!

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