Private employers cut jobs by a record 742,000 in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs, said ADP, which has been carrying out the survey since 2001.

Everyone now braces for the new unemployment figures.

And Irish Coffee Drinkers on Wall Street this April Dumb Ass Day point, and say scheduled job losses declined 19.3 percent and job losses seem to be stabilizing. Course the people who schedules the job losses may already be unemployed and so you may have people going into work who will not know they've lost their job until they no longer get a paycheck or their workplce is padlocked.

Course you could be like Wagoner at General Motors and President Obama fires you.