Report: 742K Jobs Cut in March

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. (More unemployment stories.)