Fox Business Host: Jobs Report Might Be "Too Good"

Blog ››› ››› HANNAH GROCH-BEGLEY

Fox Business host Charles Payne tried to put a negative spin on the news that the unemployment rate fell in June, tweeting that it might be "too good for the stock market."

Economists and business reporters praised the numbers from the July 3 Bureau of Labor Statistics jobs report. That report found an increase in total nonfarm payroll employment of 288,000 in June, with unemployment decreasing to 6.1 percent, the lowest rate since September 2008.

Payne immediately attempted to negatively spin the report, asking in a tweet "is the jobs number too good for the stock market?"

The Dow Jones Industrial Average is currently near 17,000. When President Obama took office on January 20, 2009, it was at 8,279.63.

Posted In
Economy, Jobs, Wages, & Unemployment
Network/Outlet
Fox Business
Person
Charles Payne
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