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'COVID-Shaped Feather': Economists React To October Jobs Report On Twitter

Total nonfarm payroll employment rose by 638,000 jobs in October, the U.S. Bureau of Labor Statistics reported Friday.

The unemployment rate declined to 6.9%.


The jobs report showed the leisure and hospitality sector added 271,000 jobs in October, led by gains in food services and drinking places with 192,000 new jobs. The industry is still down 3.5 million jobs since February despite adding 4.8 million jobs since April.

Employment in retail trade added 104,000 jobs in October, and has risen by 1.9 million jobs since April, but is still down 499,000 jobs since February.

The construction industry also grew by 84,000 jobs in October. Construction employment has grown by 789,000 jobs in six months but is still 294,000 jobs short of its employment total since February.

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