Reply #5: Actually, it's a lot worse than 63,000

[FarCenter]

The private sector lost more than 63,000, but was partially offset by additions in the federal, state and local sector. The public sector is likely to contract due to falling tax collections and the inability of state and local governments to tap the frozen credit markets for more spending.

Furthermore, the numbers include a +135,000 job "birth/death" adjustment that is supposed to account for the additions/losses of jobs in small companies that aren't measured directly. No one can understand how small businesses have added this many jobs given the hemmoraging of small construction companies, real estate brokers, mortgage brokers and other small businesses associated with the busted housing market.