On Retention And Job Losses: The Economy Slowly Improves

Job loss numbers are about to get a lot less terrible, if two estimates released yesterday are any indicator.

Payroll giant ADP predicts that 169,000 private sector jobs were lost in November. Economists are guessing that the government will say tomorrow that the number is closer to 114k-125k. On the low end, that’d be the smallest monthly job loss since the recession began in December 2007. And the losses would be much smaller than the 190,000 jobs shed in October.

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