Private Payrolls Drop

23,000 People Don’t Buy Better

When blowing smoke up the @#%$ one should have some statistic to back up the play. Consistently the jr. admin. from IL goes to the teleprompter to tell us how it is. Unfortunately, for him the economy is not taking his cue.

Private Payrolls Dropped in March

• MARCH 31, 2010, 12:00 P.M. ET

Factory Orders Increased Last Month

Private payrolls fell in March, according to data released Wednesday. The news rattled investors and economists who had expected March would show a gain in payrolls.

Separately, U.S. factory orders posted stronger than expected gains in February, indicating a building momentum in manufacturing that could translate into gains for production and the broader economy.

Private-sector jobs in the U.S. dropped by 23,000 this month, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc. and consultancy Macroeconomic Advisers.

The ADP survey tallies only private-secto

WSJ