March For Jobs

March employment numbers come out tomorrow and they will disappoint. ADP reported weak private sector job growth numbers yesterday, first time unemployment claims that came out this morning and were on the high end and sequestration will probably knock off 5,000 to 15,000 jobs. Moreover, both the manufacturing and non-manufacturing sectors while still growing are slowing slightly. My forecast, 173,000 net new jobs with unemployment remaining unchanged at 7.7%.

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