Private employment continues to lag other economic indicators, with 23,000 jobs lost in March, according to a report by Automatic Data Processing and Macroeconomic Advisers. The results, which are down considerably from the 82,000 jobs cut by private employers in January, indicate "we're probably done with the job shedding," said Joshua Shapiro of MFR. "What remains to be seen is the rate of actual job creation that we'll see once we get over that hump."

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