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'America's Getting Back To Work': Economists React To July Jobs Report On Twitter

Total nonfarm payroll employment rose by 943,000 jobs in July, the U.S. Bureau of Labor Statistics reported Friday. The unemployment rate declined by a half percentage point to 5.4%.

Standard revisions added an additional 119,000 jobs to the prior two months' jobs reports, lifting average growth for the U.S. labor market to 832,000 jobs over the past three months.


Employment in leisure and hospitality increased by 380,000 jobs in July, with 253,000 of those job gains coming in food services and drinking places. The leisure and hospitality sector is still down 1.7 million jobs from February 2020.

Other sectors seeing growth include local government education, which added 221,000 jobs in July, and transportation and warehousing, which added 50,000 jobs. Healthcare added 37,000 jobs and manufacturing employment increased by 27,000 jobs. 

Gains in miscellaneous store retailers and nonstore retailers were offset by losses in building materials and garden supply stores, leading to a loss of 6,000 jobs in the retail trade in July.

The construction industry saw little change in employment from June. 

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