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'The Great Un-Resignation': Economists React To The March Jobs Report On Twitter

Nonfarm payroll employment rose by 431,000 jobs in March, the U.S. Bureau of Labor Statistics reported Friday. The unemployment rate fell to 3.6%, well below March 2021, when it was 6.2%.

The economy averaged 562,000 job gains per month in Q1 2022, the same as the average monthly gain for 2021.


The leisure and hospitality sector continued to grow, with a gain of 112,000 jobs in March. The industry is still down by 1.5 million jobs, or 8.7%, since February 2020.

Professional and business services added 102,000 jobs in March, including 22,000 job gains in services to buildings and dwellings. There are now 723,000 more jobs in the professional and business services sector than there were in February 2020. 

Retail trade also continued adding jobs, growing by 49,000 in March. Employment in the retail trade sector is 278,000 jobs above its level in February 2020.

Construction employment also grew, adding 19,000 jobs in March. Employment in the construction industry has returned to the level it was in February 2020.

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















Related Topics: jobs, Jobs Report, CRE Jobs