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'Merry Employment Situation': Economists React To July Jobs Report On Twitter

Nonfarm payroll employment increased by 157,000 in July, the U.S. Bureau of Labor Statistics reported Friday, marking the country's 94th straight month of employment gains. The unemployment rate fell by 0.1 percentage point to 3.9%. 

U.S. Bureau of Labor Statistics

Food services and drinking places employment continued its upward trend, adding 26,000 jobs in July. Construction employment also continued to trend up, adding 19,000 jobs for the month. Construction employment has increased by 308,000 over the year.

Job gains in general merchandise stores, clothing and accessories stores and food and beverage stores were offset equally by a decline of 32,000 jobs in sporting goods, hobby, book and music stores.

Here is how some economists and others reacted to the jobs report on Twitter.