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'Muted': Economists React To The October Jobs Report On X, Formerly Twitter

Nonfarm payroll employment rose by 150,000 jobs in October, a little less than consensus estimates, the Bureau of Labor Statistics reported Friday.

The unemployment rate moved up to 3.9%. 


Worker strikes had an impact in the manufacturing sector, which lost 38,000 jobs in October, 33,000 of which were in motor vehicles and parts. 

In commercial real estate-related sectors, construction employment grew by 23,000 jobs in October after averaging 18,000 jobs added over the prior 12 months. 

The leisure and hospitality sector added 19,000 jobs in October. The industry had averaged job gains of 52,000 jobs per month over the previous 12 months. 

Here's how economists and others reacted to the October jobs report on X, formerly Twitter.












Related Topics: Jobs Report, jobs reports