The pace of hiring in the US private sector slowed during the four weeks ended February 28, according to data released by ADP on Tuesday.

 

 

 US Private Sector Jobs (Four Weeks Ended February 28)

      

Estimates

Prev. Reading

Current Reading

Change

Number of Jobs Adds (‘000/week)          

--

+14.75

+9.0

(5.75)
 

 

What does this mean? This indicates that hiring momentum in the US private sector has slowed after several weeks of rebound, suggesting a potential cooling in the labor market in the world's biggest economy.

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