Recession

Private-Sector Job Loss Mounts in February 

U.S. private-sector firms shed 697,000 jobs in February, a jump from January’s 522,000 jobs lost, according to the ADP employment index released Wednesday. 359,000 of those job cuts took place in the hard-hit, service-providing sector. The goods-producing sector took a beating as well, slashing 338,000 jobs in February, marking its twenty-sixth consecutive monthly decline.