ADP says 140,000 private-sector jobs created in February. Labor market softening but still strong.

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Story developing. Stay tuned for updates here. The numbers: American businesses added 140,000 new jobs in February, paycheck company ADP said, in a sign demand for labor might be slackening after a frenzy of hiring last year. Economists polled by the Wall Street Journal had forecast a gain of 150,000. The…

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