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'WHAT THE WHAT???': Economists React To May Jobs Report On Twitter

Nonfarm payroll employment increased by 2.5 million jobs in May, the U.S. Bureau of Labor Statistics reported Friday. The unemployment rate declined to 13.3%.

"These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it," the Bureau of Labor Statistics wrote in its report.

The report was a surprise to many, as economists had forecast the economy would lose another 8 million jobs in May after losing 20.5 million jobs in April.


Employment in food services and drinking places rose by 1.4 million jobs in May, accounting for about half of the gain in total nonfarm employment. Retail trade jobs rose by 368,000 after showing a loss of 2.3 million jobs in April. 

The construction industry added 464,000 jobs in May, gaining back nearly half of April’s decline. 

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