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Confusing, Weird, Puzzling: Economists React To November Jobs Report On Twitter

The U.S. economy added 210,000 jobs in November, the U.S. Bureau of Labor Statistics reported Friday, falling well short of expectations.

The unemployment rate fell to 4.2%, a significant drop from January when the unemployment rate was 6.3%.

Revisions added 82,000 jobs to the previous two months' job reports.

Notable job gains in November occurred in commercial real estate-related sectors including transportation and warehousing, construction and manufacturing. Retail trade employment declined over the month.


Transportation and warehousing employment increased by 50,000 in November and is now 210,000 jobs above its pre-pandemic, February 2020 level. 

The construction industry added 31,000 jobs in November, which the Bureau of Labor Statistics said followed gains "of a similar magnitude" in the prior two months. Employment in the construction industry is now down 115,000 jobs from February 2020.

Leisure and hospitality, which had led job gains in previous months, added only 23,000 jobs in November. Employment in the industry is down 1.3 million jobs since February 2020. 

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




















Related Topics: jobs, Jobs Report, US jobs, jobs reports