You are here: Home » International » News » Economy
Business Standard

Weather restrains US pvt hiring, services sector growth

Reuters  |  Washington 

US private employers added fewer workers than expected in February and services sector growth slowed, the latest signs that severe weather continues to be a drag on the economy. The ADP National Employment Report showed on Wednesday that private payrolls increased by 139,000 jobs last month. January's job count was revised sharply down to 127,000 from the previously reported 175,000. Last month's increase was below economists' expectations for a gain of 160,000 jobs. In a separate report, financial data firm Markit said its final service sector purchasing managers' ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, March 05 2014. 23:44 IST