US PrivateSector Hiring Eased in March in Signal of Slowing Economy ADP Says

Hiring among U.S. private-sector employers lost momentum in March, suggesting slackening in the labor market as pay growth ticks down, according to data from the ADP National Employment Report released Wednesday. Employment in the nonfarm private sector increased by 145,000 in March, easing from a 261,000 gain in February, ADP said, less than the 210,00 rise expected by economists in a poll from The Wall Street Journal. January’s reading was revised up from an initial estimate of 242,000. “Our March payroll data is one of several signals that the economy is slowing,” said Nela Richardson, chief economist at ADP. “Employers…