Skip to comments.CNBC’s Santelli: Latest Jobs Report ‘Wonderful News’ — ‘Will Lead to Even More Strength’
Posted on 09/04/2020 1:34:28 PM PDT by Hojczyk
CNBC editor Rick Santelli on Friday touted the latest jobs report, which showed that the U.S. economy added over 1.3 million jobs in August, and the unemployment rate fell to 8.4 percent.
Santelli on Squawk Box called the improving economy following the devastating effects made by the coronavirus pandemic and ensuing lockdowns wonderful news. He added that the August report will lead to even more strength in the future.
I think that this is wonderful news, and I think that we have to keep a perspective that theres many people that really, really want to come back to work but their governors just dont see as the correct time, although some seem to be changing their mind, he added.
I also think, when it comes to manufacturing, Steve was correct that we are doing more with less people in keeping up with new demand for many of the same reasons, whether its the nervousness in the workforce or inability to attract workers. I do see lots of signs in my anecdotal area for manufacturing and some of these service sector areas that have been allowed to open.
But I think the most important aspect of this report, in my opinion, is the notion that we are seeing these trends at a time where, like New Jersey, there are states that are starting to really open up in bigger ways. So, I think this report will lead to even more strength in future reports. And I think the markets correct.
(Excerpt) Read more at breitbart.com ...
I did a search..
Amazing. Last I read the unemployment rate was 19%.
This is only possible because this administrations tax cuts and deregulation gave us such a strong economy in the first place. Strong and healthy bodies can withstand infections and disease. This is literally the case in COVID and figuratively true of our economy.
Thank you President Trump!
We need another rant from Santelli, this time against blm/Antifa, the rioters and the Rats that support them, to reawaken the Tea Parties from their slumber.
i watched the numbers live and switched between FOX Business and CNBC. The underlying, and i stress lying, theme from CNBC sans Santelli was, “this could all change if we have another lockdown.” They were basically rooting for another lock down.
Law of unintended consequences.
Ending the $600 extra unemployment benefit, caused people to go back to work.
A majority of people were getting more money on unemployment than working.
One more jobs report before the election. Unemployment could go down to 6.5-7.0% in another month.
The beautiful thing is Trump knows the $600 was a mistake. Pelosi gets the blame for taking it away. The resulting jobs boon in August is the result of Pelosis actions. Trump gets the credit for the jobs. Win, win!
Trump said 249,000 new retail jobs and 174,000 new hospitality jobs. Nearly all of those 423,000 lower wage earners were enjoying their increased income until Nancy forced them back to work.
True. And shows us that the downturn is solely due to the lockdown.
Trump should have ended the lock down after two or three weeks ...We had the data....the newly In powered governors would not have...but Trump could say you did not listen to me..
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