CNN —
The Trump administration’s frenetic policy changes appear to be making US businesses think twice about hiring new workers.
New data released Wednesday showed that hiring by US private-sector companies fell sharply last month, much more than economists had expected.
Private-sector employment increased by an estimated 77,000 jobs in February, according to payroll giant ADP. That’s a dramatic drop-off from the strong job growth of 186,000 seen in January and barely half the 142,500 net gain that economists had expected, according to FactSet estimates.
“Policy uncertainty and a slowdown in consumer
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