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'Soft Landing Report Alert': Economists React To The May Jobs Report On Twitter

Nonfarm payroll employment beat expectations and added 390,000 jobs in May, the U.S. Bureau of Labor Statistics reported Friday. 

The unemployment rate remains at 3.6%, well below May 2021, when it was 5.8%.


Notable job gains were found in leisure and hospitality, which added 84,000 jobs in May, over half of which were in food services and drinking places. Employment in retail trade declined over the month, but the sector still has 159,000 more jobs than it did in February 2020.

Construction employment increased by 36,000 jobs in May after seeing no change in April.

Continued employment growth now has the U.S. economy 822,000 jobs short of its pre-pandemic level from February 2020. 

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