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US private sector adds only 77,000 jobs in February, marking the slowest growth since July 2021.
The ADP National Employment Report shows US private employers added only 77,000 jobs in February, the slowest growth since July 2021.
This is below economists' forecasts of around 140,000 jobs.
The goods-producing sector added 42,000 jobs, while the service sector added 36,000.
However, sectors like trade and transportation, healthcare, and information saw job losses.
Annual pay increased by 4.7% for job stayers, while pay for job changers slightly decreased to 6.7%.
The slowdown is attributed to policy uncertainty and reduced consumer spending.
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El sector privado de EE.UU. añade sólo 77.000 puestos de trabajo en febrero, lo que marca el crecimiento más lento desde julio de 2021.