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'Hey Fellow Nerds!': Economists React To August Jobs Report On Twitter

National Economy

The U.S. economy continues to sustain strong job growth. Nonfarm payroll employment increased by 201,000 in August, the U.S. Bureau of Labor Statistics reported Friday, marking the country's 95th straight month of employment gains. The unemployment rate remained at 3.9%. 


Construction employment continued to trend up, adding 23,000 jobs in August after adding 19,000 jobs in July. Construction employment has increased by 297,000 new hires over the year.

The report did reduce the employment numbers for June by 40,000 jobs, and further reduced summer employment gains by revising the July report down another 10,000 jobs. With these revisions, the average monthly job gains over the previous three months is 185,000.

Average hourly earnings for employees on private payrolls rose by 10 cents to $27.16 in August, a year-over-year increase of 2.9%. 

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