America’s nonfarm private sector shed tens of thousands of jobs from February to March, breaking a two-and-a-half-year growth trend and supporting economists’ view that America’s longest employment boom in history is likely over.
The ADP National Employment Report, published on Wednesday, showed that overall private payrolls fell by 27,000 jobs last month, the first decline since September 2017, after advancing by an unrevised 183,000 in February.
