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'Wait Wut': Economists React To April's Jobs Report On Twitter

Total nonfarm payroll employment rose by 266,000 jobs in April, the U.S. Bureau of Labor Statistics reported Friday

The unemployment rate increased to 6.1%.


Following increases of 770,000 jobs in March and 536,000 jobs in February, employment increased by only 266,000 jobs in April, falling far short of expectations that more than 1 million jobs would be added.

Notable job gains in April were found in the leisure and hospitality sector, which added 331,000 jobs, more than half of which were at food services and drinking places. While the leisure and hospitality sector has added 5.4 million jobs in the past year, employment in this industry is still down by 2.8 million jobs since last February.

Construction industry employment was unchanged in April. Employment in the construction industry is up by 917,000 jobs over the year but is still 196,000 jobs below its February 2020 level.

Here's how economists and others reacted to April's jobs report on Twitter.






















Related Topics: jobs, April Jobs Report, jobs reports