New Jobs — NOT!

When therosey scenario is a net loss of 10,000 jobs you know the economy is in trouble.

An employment indicator published by payrolls giant Automatic Data Processing and consultancy Macroeconomic Advisers reported a 23,000 decrease in U.S. private-sector jobs in February; economists polled by Dow Jones Newswires had forecast just a 10,000 decline.

[snip]

On Friday, the U.S. government releases its nonfarm payrolls report, which includes the public sector. Economists are forecasting nonfarm payrolls to remain unchanged in February after a decline of 17,000 in January.

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