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'Astonishing': Economists React To Monster January Jobs Report On Twitter

Nonfarm payroll employment rose by 517,000 jobs in January, significantly topping expectations, the U.S. Bureau of Labor Statistics reported Friday. 

The unemployment rate fell to 3.4%. It has remained at or below 3.7% since the end of the first quarter of 2022.


There were notable job gains in the leisure and hospitality sector, which added 128,000 jobs in January, including 99,000 jobs at food services and drinking places. The entire sector grew on average by 89,000 jobs per month in 2022.

The construction sector added 25,000 jobs in January after averaging 22,000 jobs per month of growth in 2022. Retail trade added 30,000 jobs in January after showing little net growth in 2022.

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






















Related Topics: jobs, Jobs Report, jobs reports