Fox Business' Charles Payne says 336,000 jobs added in September “was not a strong jobs report”
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From the October 6, 2023, edition of Fox News' Special Report with Bret Baier
CHARLES PAYNE (CONTRIBUTOR): First and foremost, it was not a strong jobs report. And, Bret, you know, one of the things that drives me crazy is when something comes in better than expected, the accolades come out: "It was a strong jobs report." So, you had more than expected. You had a knee-jerk reaction. Obviously the stock market went down, buying yields went up and the handicapping of the Fed hiking interest rates also went higher. By the end of the day, yields were down, stocks were erupting and the handicapping of the Fed hiking interest rates went lower than it was at the start of the day. That's because it's a 39-page report. So everyone reacts to the headline and then the talking heads, who just say things like, "Oh, wow, this is strong." One-third leisure and hospitality jobs. These are the lowest paying jobs in America.