ADP report says U.S. February private employment down 23,000 (MarketWatch) (05-03-2008)

WASHINGTON (MarketWatch) - According to the ADP employment report released today, the private sector in the U.S. eliminated 23,000 jobs in February.

The Labor Department will reports on nonfarm payroll growth for February on Friday. Adding in some 25,000 jobs typically created by government, the ADP report suggests nonfarm payrolls grew by about 2,000, compared to the 20,000 expected by Wall Street economists. The ADP reported job growth among medium-sized businesses declined for the first time since June 2003.

Source: MarketWatch