Job creation in the private sector sharply slowed in February, raising concerns about a cooling economic momentum, CNBC reports.

Companies added only 77,000 new employees last month, significantly lower than the upwardly revised 186,000 in January and below the Dow Jones consensus forecast of 148,000, according to seasonally adjusted data from ADP. Moreover, the February increase turned out to be the modest, fueling concerns about the impact of Trump's tariff wars on the American economy.