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'Labor Market Remains Stalled. Virus Remains Active': Economists React To January Jobs Report On Twitter

Total nonfarm payroll employment grew by 49,000 jobs in January, the U.S. Bureau of Labor Statistics reported Friday

The unemployment rate fell to 6.3%.


The leisure and hospitality sector saw its employment level fall by 61,000 jobs in January after losing 536,000 jobs in December. Since February 2020, leisure and hospitality employment is down by 3.9 million jobs, or 22.9%.

Employment in retail trade fell by 38,000 jobs in January after adding 135,000 jobs in December. There are now 383,000 fewer jobs in retail trade than in February 2020.

Even construction fell by 3,000 jobs in January after eight consecutive months of job gains. Employment in construction is down by 256,000 jobs since last February.

Employment in professional and business services did rise by 97,000 jobs in January, but 81,000 of those jobs were in temporary help services.

Overall, total nonfarm payroll employment is below its February 2020 level by 9.9 million jobs, or 6.5%. 

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