ADP: businesses added 189,000 jobs in March

April 1, 2015 12:19 PM

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Businesses added 189,000 jobs in March, payroll processor ADP said Wednesday, in a sign the labor market may be slowing after a series of strong gains.

Economists' median forecast was the report would show 225,000 new private sector jobs. Many analysts expect payroll growth to moderate this year after notching breakout gains of 260,000 a month in 2014 amid a plunge in energy prices that supported consumer and business spending.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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