ADP

Maybe the labor market did not suffer as much as expected during the government shutdown.

“Tariffs have yet to materially impact jobs,” the chief economist of Moody’s Analytics said.

Over the past year, America’s private sector has added an average of 190,000 new jobs. That blistering pace of hiring is nearly double the rate of growth of the workforce, pushing unemployment down and then down some more.

Payroll processing company Automatic Data Processing (ADP) reports that jobs grew by 241,000 in March.