US Firms added 77,000 jobs in february, lowest since july
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According to the ADP report, US companies added only 77,000 jobs in February, the lowest figure since July. This result falls significantly short of economists' expectations, which had forecasted an increase of about 140,000 positions. In January, however, the job gains were much higher, with 186,000 new jobs.
The slowdown in hiring reflects economic uncertainty, with employers seemingly hesitant in the current climate, reducing the number of new hires compared to previous months. The decline in employment was particularly noticeable among small businesses, which saw a loss of 12,000 jobs in February.
This slowdown in hiring comes at a critical time, with investors closely monitoring labor market data ahead of the official non-farm payroll report to be released in the coming days. This report may provide further insights into the job market's performance and potential implications for the economy and monetary policy.
The slowdown in hiring reflects economic uncertainty, with employers seemingly hesitant in the current climate, reducing the number of new hires compared to previous months. The decline in employment was particularly noticeable among small businesses, which saw a loss of 12,000 jobs in February.
This slowdown in hiring comes at a critical time, with investors closely monitoring labor market data ahead of the official non-farm payroll report to be released in the coming days. This report may provide further insights into the job market's performance and potential implications for the economy and monetary policy.