The September jobs report released Friday morning stunned Fox Business anchor Maria Bartiromo and her Mornings With Maria panelists for coming in “much hotter than expected.”
According to the Bureau of Labor Statistics, job growth in September saw 254,000 additional non-farm jobs, which decreased the unemployment rate to a near-record 4.1 percent. This was way above the moderate forecast expectations of only 140,000 new non-farm jobs and an unemployment rate of 4.2%.
“Much hotter than expected on the non-farm jobs number, 254,000 jobs were created,” reported Cheryl Casone, to which Bartiromo interjected “Wow!”
“The estimate was 140,000. The unemployment rate dropped to 4.1%. We were looking for the rate to actually stay steady from last month at 4.2%,” Casone continued.
“You know what? I read this as good news is, once again, good news. Okay. Dow Industrials up 129, Nasdaq up 131 on a much better than expected jobs report,” Bartiromo said. “So why are …