Good news: Pace of Monthly Job Losses Slows

From the Wall St Journal | Sept 3, 2009

BY KELLY EVANS

The pace of job losses slowed last month, a report released Wednesday
showed, but the small improvement suggests a return to job growth could
still be many months away.

Service-sector employment declined
by 146,000 in August, while goods-producing jobs including construction
and manufacturing fell by 152,000, according to Automatic Data
Processing Inc., a payroll firm.

The combined loss of 298,000 jobs was an improvement from July's revised drop of 360,000 and was less than half the pace ..