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'Goofy On Roller Skates': Economists React To April Jobs Report On Twitter

Nonfarm payroll employment rose by 253,000 jobs in April, higher than the consensus estimate, the U.S. Bureau of Labor Statistics reported Friday.

The unemployment rate dropped to 3.4%. It has remained at or below 3.7% since the end of the first quarter of 2022.

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Most major industries relevant to commercial real estate, including construction, transportation and warehousing, retail trade and manufacturing saw little change in April employment numbers.

The leisure and hospitality sector added 31,000 jobs in April, 25,000 of which were at food services and drinking places. The sector has averaged 47,000 monthly job gains over the last six months and is now short of its pre-pandemic, February 2020 employment level by 402,000 jobs. 

Here's how economists and others reacted to the February jobs report on Twitter:

 

 

 

 

 

 

 

 

 

 

 

 

 

Related Topics: jobs, Jobs Report, jobs reports