US Companies Add Fewer Jobs Than Forecast, ADP Data Show
- Private payrolls rose 145,000 in March, below all estimates
- Wage measures advanced at slowest pace in over a year
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US companies added fewer jobs in March than forecast while wage growth slowed, underscoring labor demand that’s showing some signs of cooling.
Private payrolls rose 145,000 last month after an upwardly revised 261,000 increase in February, according to figures out Wednesday from ADP Research Institute in collaboration with Stanford Digital Economy Lab. The figure was below all estimates in a Bloomberg survey of economists.