U.S. private payrolls, factory data point to weak economic growth

April 1, 2015 3:00 PM

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U.S. private payrolls, factory data point to weak economic growth

WASHINGTON (Reuters) - U.S. private employers added the smallest number of workers in more than a year in March and factory activity hit a near two-year low, fresh signs that economic growth slowed significantly in the first quarter.

Activity braked in the first quarter, held back by bad weather, a strong dollar, weaker overseas demand and a now-settled labor dispute at the country's busy West Coast ports.

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