Private sector adds just 77K jobs in February, well below expectations, ADP says
1. Private sector added only 77,000 jobs in February. 2. This figure is significantly below the 140,000 job estimates. 3. Previous month’s jobs data were revised from 186,000 to lower. 4. Economic uncertainties may deter hiring, according to ADP's chief economist. 5. Consumer spending slowdown contributes to hiring hesitancy among employers.