Growth Slows in March as Inflation Eases, Job Growth Moderates
- Services PMI falls 1.2 points to 51.4 in March, indicating slowing growth
- Prices paid measure drops to 53.4 from 58.6 in February, signaling easing inflation
- Private payrolls increase 184,000 in March, down from February
- Supplier deliveries improve, pointing to some easing of supply constraints
- Wages for job switchers rise 10% year-over-year in March, showing labor market remains tight