Jobs Data Worse Than Expected

It's not all beer and skittles in economic indicator land:  ADP's employment report apparently reports a decline of nearly 370,000 jobs, about 40,000 more than expected.  Unemployment will continue to rise even as the economy recovers--at least if history is any guide.  But it is also tied to economic performance--people who lose their jobs don't buy much.  So unhappy surprises are still pretty worrying.

This article available online at:

http://www.theatlantic.com/business/archive/2009/08/jobs-data-worse-than-expected/22755/