Report: 742K Jobs Cut in March

By Harry Kimball,  Newser Staff
Posted Apr 1, 2009 8:29 AM CDT
Jobs are advertised at the Career Link Center in San Francisco.   (AP Photo)
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(Newser) – US employers cut an estimated 742,000 jobs in March, a larger drop than expected, Bloomberg reports. The figure, from a report based on private payroll data, comes days before the Labor Department is expected to make a similar announcement. If the numbers prove accurate, it would mean that employers shrank payrolls for the 15th consecutive month, putting total job losses at 5 million.