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'Like A Home Inspection On A Money Pit': Economists React To November Jobs Report On Twitter

Total nonfarm payroll employment rose by 245,000 jobs in November, the U.S. Bureau of Labor Statistics reported Friday

The unemployment rate edged down to 6.7%.


Remote working grew in November, with 21.8% of employed people saying they teleworked, up from 21.2% in October. But 14.8 million people reported being unable to work because their employer closed or lost business due to the coronavirus pandemic.

Employment in transportation and warehousing increased by 145,000 jobs in November, including 82,000 couriers and messengers and 37,000 jobs in warehousing and storage. But the retail trade lost 35,000 jobs, which the Bureau of Labor Statistics said reflected less seasonal hiring in several retail industries.

The construction industry added 27,000 jobs in November, but employment in the sector is still 279,000 jobs below its February level.

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