Economists React To March Jobs Report On Twitter

Total nonfarm payroll employment rose by 916,000 jobs in March, the U.S. Bureau of Labor Statistics reported Friday. 

The unemployment rate fell to 6%.

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U.S. Bureau Of Labor Statistics

Leisure and hospitality employment grew by 280,000 jobs in March, which is credited in part to the easing of coronavirus pandemic-related restrictions in parts of the country. Nearly two-thirds of these jobs were in food services and drinking places.

Construction also had a big March, adding 110,000 jobs after losing 56,000 jobs in February, likely due to weather. Construction is now 182,000 jobs below its February 2020 level.

Retail trade added 23,000 jobs in March and is still 381,000 jobs below its February 2020 level.

Here is how economists and others reacted to the March jobs report on Twitter.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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