Private sector job growth in the U.S. continued to slow in the month of March, according to a report released by payroll processor ADP on Wednesday, with the increase in employment coming in below 200,000 for the first time since January of last year.

ADP said private sector employment climbed by 189,000 jobs in March following a slightly upwardly revised increase of 214,000 jobs in February.

Economists had expected an increase of about 230,000 jobs compared to the addition of 212,000 jobs originally reported for the previous month.

The material has been provided by InstaForex Company –