Private sector job gains miss the mark

The payroll processing company ADP reported this morning that 158,000 private sector jobs were added last month. The latest figures, which come just two days before the official monthly jobs report from the Labor Department, fall below analyst expectations.

Gus Faucher, senior economist with PNC Financial Services Group, joins Marketplace Morning Report host Jeremy Hobson to explain the dip in private sector job gains and how the sequester is likely to effect government hiring.