Shutdown does not impede job growth in January
Private companies add 213,000 jobs in January, easily topping expectations: ADP/Moody's AnalyticsThis 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.
- 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.