Shutdown does not impede job growth in January

CNBC:
Private companies add 213,000 jobs in January, easily topping expectations: ADP/Moody's Analytics


  • Companies added 213,000 jobs this month, the ADP and Moody's Analytics data show. Economists polled by Refinitiv expected payrolls to grow by 178,000.
  • The strong jobs growth comes even after the longest U.S. government shutdown in history.
  • "The job market weathered the government shutdown well. Despite the severe disruptions, businesses continued to add aggressively to their payrolls," says Mark Zandi of Moody's Analytics.
This has to come as a disappointment to Democrat politicans who thought the economy would suffer because of the shutdown over their refusal to fund a border barrier.  It is bad news for Democrats who think the secret to job creation is growing the government instead of the economy.

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