Private Hiring Slows in February, Adding 140K Jobs
- Hiring by private companies in February came in lower than expected at 140,000 jobs added
- This was below the 150,000 jobs gain predicted by economists
- Job gains remain solid and pay gains are above inflation, according to ADP chief economist
- Labor market is still dynamic though doesn't tip the scales for a Fed rate decision this year
- Article published March 6, 2024 with developing updates expected
