Companies in the private sector added just <a href="https://www.foxbusiness.com/category/jobs" target="_blank" rel="noopener">77,000 jobs in February,</a> payroll processing firm ADP said on Wednesday.

The figure is well below economists’ estimates of 140,000 jobs and also more than the prior month’s revised reading of 186,000.

"Policy uncertainty and a slowdown in consumer spending might have led to layoffs or a slowdown in hiring last month," said Nela Richardson, ADP's chief economist. "Our data, combined with other recent indicators, suggests a hiring hesitancy among employers as they assess the economic climate ahead."

The figure reported on Wednesday is well below economists’ estimates of 140,000 jobs and also more than the prior month’s upwardly revised reading of 186,000.{ai:summary}<p>Private sector job growth slowed significantly in February, with only 77,000 jobs added, falling short of the 140,000 expected by economists. This marks a decline from January's revised figure of 186,000.</p><p>ADP's chief economist noted that policy uncertainty and reduced consumer spending may have contributed to this hiring slowdown, indicating a cautious approach among employers regarding the economic outlook. #economy</p>

Private sector adds just 77K jobs in February, well below expectations, ADP says

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