Although the pace of layoffs in the U.S. has slowed, job losses continued to mount in October, per a report from Automatic Data Processing Inc. The private sector shed 203,000 jobs last month, according to the report, exceeding economists' prediction of 175,000 jobs cut in both the private and public sectors for the month.
The Defense Advanced Research Projects Agency is honoring the Internet's 40th anniversary with a contest. The agency will release 10 weather balloons on Dec. 5, and the first person to locate them all will win $40,000.
The private sector shed 371,000 jobs in July, according to a report from payroll processor Automatic Data Processing Inc., and consultancy Macroeconomic Advisers. The job losses included 202,000 service-sector jobs and 99,000 factory jobs. However, the pace of job losses appears to have slowed, as the July job losses were the smallest in nine months.