US private sector employment rises by 145K in March vs. 200K expected

According to figures released on Wednesday by Automatic Data Processing (ADP), private sector employment in the US increased by 145,000 in March. This reading was lower than the 200,000 market forecast. Positively, February’s reading of 242,000 was increased to 261,000.

Nela Richardson, chief economist of ADP, commented on the figures, stating that they were “one of numerous indications that the economy is weakening.”