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'The Labor Market Would Like You All To Stop Panicking Now Please': Economists React To December Jobs Report On Twitter

Nonfarm payroll employment increased by 312,000 jobs in December, the U.S. Bureau of Labor Statistics reported Friday, marking the country's 99th straight month of employment gains. The unemployment rate ticked up to 3.9%, largely due to more people returning to the labor force.

Year-over-year wage growth grew 3.2%, the most since 2009, Bloomberg reports.

Job gains were led by the healthcare industry, which added 50,000 jobs in December, as well as construction, which added 38,000 jobs. Construction employment increased by 280,000 jobs over the year. 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related Topics: Jobs Report, jobs reports