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'GAWD': Economists React To March Jobs Report On Twitter

Nonfarm payroll employment fell by 701,000 in March, ending the longest streak of monthly job gains in U.S. history at 113 months, the U.S. Bureau of Labor Statistics reported Friday.

The unemployment rate rose to 4.4%.


The number of unemployed rose by 1.4 million in March, with about two-thirds of these job losses occurring in leisure and hospitality, which lost 459,000 jobs. Most of those job losses were in food services and drinking places, which lost 419,000 jobs. 

Other significant job losses were seen in temporary help, which lost 50,000 jobs, and retail trade, which lost 46,000 jobs. 

The construction industry, which was classified as essential in many markets across the country, lost 29,000 jobs. Construction employment had increased by 211,000 jobs over the previous 12 months.

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
















Related Topics: Jobs Report, March jobs report