ADP March 2023:


A “Now Hiring” sign is displayed on a shopfront on August 5, 2022 in New York City.

John Smith | View Press | Corbis News | Getty Images

Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday.

Company payrolls rose by just 145,000 for the month, down from an upwardly revised 261,000 in February and below the Dow Jones estimate for 210,000.

That took first-quarter hiring to an average of just 175,000 jobs a month, down from 216,000 in the fourth quarter and a sharp reduction from the average of 397,000 in the first quarter of 2022.

“Our March payroll data…


0 0 votes
Article Rating

Lack of home listings is taking a toll on mortgage demand

Previous article

Housing market disaster brewing according to ‘Big Short’ investor

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy