October 1, 2024

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‘Holy Leisure And Hospitality Batman!’ Economists React To February Jobs Report On Twitter

Total nonfarm payroll employment grew by 379,000 jobs in February, the U.S. Bureau of Labor Statistics reported Friday. 

The unemployment rate fell slightly to 6.2%.

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Courtesy of U.S. Bureau of Labor Statistics

Most of February’s job gains came from the leisure and hospitality sector, which added 355,000 jobs. A little more than 80% of those jobs were in food services and drinking places.

Retail trade added 41,000 jobs in February and has now added 2 million jobs since May. 

The construction industry saw 61,000 job losses, and employment in the industry is now down 308,000 jobs year-over-year. 

Here’s how economists and others reacted to the jobs report on Twitter: