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'Can't Stop, Won't Stop': Economists React To June Jobs Report On Twitter

Nonfarm payroll employment rose by 372,000 jobs in June, above consensus expectations, the U.S. Bureau of Labor Statistics reported Friday

For the fourth consecutive month, the unemployment rate remained at 3.6%, well below June 2021, when it was 5.9%.

Revisions in June subtracted 74,000 jobs from the previous two months' jobs reports.

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Leisure and hospitality enjoyed significant gains in June, adding 67,000 jobs, 41,000 of which were in food services and drinking places. Employment in leisure and hospitality, however, is still down by 1.3 million jobs when compared to February 2020.

The manufacturing industry added 29,000 jobs in June and has fully returned to its February 2020 employment level. Transportation and warehousing added 36,000 jobs in June, and now has 759,000 more jobs than it did prior to the pandemic in February 2020.

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