From the FINANCIAL TIMES:
US companies continued to cut jobs in March, dashing hopes that private sector employers would begin hiring for the first time in two years.
Private businesses cut 23,000 workers this month, according to a survey from ADP employer services. on Wednesday. That failed to meet expectations of Wall Street analysts who were expecting gains of 40,000, but was the smallest monthly total of job losses since February 2008.
Separately on Wednesday, commerce department figures showed that US factory orders climbed by 0.6 per cent to $383.5bn in February after rising by a revised 2.5 per cent the prior month. It was the 10th rise in the last 11 months as businesses have looked to replenish inventories to meet renewed demand…
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