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'Yowzas': Economists React To The September Jobs Report On X, Formerly Twitter

Nonfarm payroll employment rose by 336,000 jobs in September, nearly double consensus estimates, the Bureau of Labor Statistics reported Friday.

The unemployment rate held at 3.8%. Prior to the August jobs report, the unemployment rate had been at or below 3.7% since the end of the first quarter of 2022.


Leisure and hospitality added 96,000 jobs in September, including 61,000 jobs in food services and drinking places. The 61,000 additional jobs returned employment in leisure and hospitality to its February 2020, pre-pandemic level, according to the report.

Transportation and warehousing changed little in September, with truck transportation adding 9,000 jobs. The sector lost 25,000 jobs in August after trucking company Yellow filed for Chapter 11 bankruptcy on Aug. 6.

Employment in other industries related to commercial real estate, specifically construction, manufacturing and retail trade, showed little change in September.

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