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'Brace Yourself': Economists React To December Jobs Report On Twitter

Total nonfarm payroll employment declined by 140,000 jobs in December, the U.S. Bureau of Labor Statistics reported Friday.

The unemployment rate was unchanged from November and remains at 6.7%.


The leisure and hospitality category was hit the hardest in December, losing 498,000 jobs, with three-quarters of those job losses at food services and drinking places. Employment in the leisure and hospitality industry is now down 3.9 million jobs since February, or 23.2%.

There were 121,000 jobs added in retail trade, with 59,000 of those jobs coming in the sector of general merchandise stores that includes warehouse clubs and supercenters. But the retail trade industry still has 411,000 fewer jobs than it did in February.

Construction was another bright spot for the December jobs report, adding 51,000 jobs in December. Employment in the industry is now 226,000 jobs below its February level.

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

















Related Topics: Jobs Report