The latest ADP unemployment report shows an uptick in job losses for the US private sector. 742,000 jobs were lost compared to ADP's revised report of 706,000 jobs lost in February. A Reuters poll of economists had predicted 655,000 jobs, so the report is more negative than a lot of people expected. Official job loss numbers from the Department of Labor wil be released on Friday. Reuters has reaction from some leading economists, like Samarjit Shankar , Director of Global Strategy for Bank of New York Mellon: The ADP report was much worse than expected. It does suggest that the labor market remains very fragile and that the outlook is dismal. This also means that we could have a very bad number on Friday and continuing job losses and higher unemployment going forward. The impact on the dollar though is muted. At the end of the day, it is a combination of the reliability of the number and also the fact that the bad news on the labor market has already been priced in. Read other responses from Reuters here .