Private Sector Adds Just 77,000 Jobs in February, Well Below Expectations

According to a report from ADP, the private sector in the United States added only 77,000 jobs in February, which came as a sharp disappointment compared to analysts’ expectations. Predictions ranged from 120,000 to 200,000 new jobs, and such low growth raises concerns about the overall state of the economy. In January, revised figures showed an addition of 119,000 jobs, also below initial estimates.

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