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ADP: Job growth in private sector slows sharply in March
ADP: Job growth in private sector slows sharply in March

Hiring by U.S. businesses slowed sharply last month to 189,000, the worst performance in more than a year and another indication of sluggish economic growth over the winter. The private sector added 189,000 net new jobs in March after an upwardly revised 214,000 the previous month, payroll firm Automatic Data Processing Inc. said Wednesday. Last month's figure was well below economists' expectations of 240,000 and was the lowest number of net new private sector jobs recorded by ADP since January 2014. “The fallout from the collapse in oil prices and surge in value of the dollar is hitting the job market,” said Mark Zandi, chief economist at Moody’s...

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