Trump Effect: March payroll numbers blow out analysts expectations

Private companies added 241,000 positions with construction and manufacturing leading the way in March according to the newest ADP/Moody’s analytics report.

The report highlights continued optimism in the economy as experts had only expected the economy to produce an additional 205,000 jobs last month.

The March number is up dramatically year-over-year from just 122,000 in 2017.

“The job market is rip-roaring,” Mark Zandi, Moody’s Analytics’ chief economist, said in a statement. “Monthly job growth remains firmly over 200,000, double the pace of labor force growth. The tight labor market continues to tighten.”