Thanks to the Biden administration they've been able to overcome GOP incompetence in the House to create unprecedented growth coming out of the pandemic. If this continues to November Biden would be thr greatest economic presidents of all-time.
"Yes, the big March jobs, jobs, jobs report hitting the wires. Nonfarmpayrolls, a whopping 303,000! That bests most estimate and goes right alongwith the whisper number, which was higher than the estimates due to thestrength in ADP.
303,000. That’s the juiciest number that we’ve had going back to–. 303,000 equals May of 23. Right on the nose can find a higher number. You goback to January of last year.
If we look at the unemployment rate 3.8. Now this is a biggiebecause last month’s 3.9 was the highest unemployment rate since Jan of 22. Soit did moderate just a bit.
If we look at average hourly earnings, which were up one tenthof a percent last month, that was the lowest month over month change sinceMarch of 21. Let’s call it three years. First of all, that was revised. Now up2/10. And the new number is up 3/10 of a percent. Exactly as expected. Yearover year 4.1 as expected down from 4.3. Actually when you look at 4.1, youhave to go back to, June of 21. June of 21. Excuse me. Yeah. 4.1 June at 21.Find a lower number. That’s a really big deal when you consider, what theaverage hourly earnings on a year over year basis have been doing. Averageworkweek 34.4 hours. That’s a 10th higher than we were expecting and a 10thhigher in the rearview mirror, which is 34.3. And finally, you six. That’s theunderemployment rate. 16 excuse me, 7.3 7.3%.
And labor force participation. Wow! 62.7 62.7. That is a nicejump. We are at 62.5 last month and 62.6 was expected.
So these numbers are definitely stronger than expected." ~ Rick Santelli
"Yes, the big March jobs, jobs, jobs report hitting the wires. Nonfarmpayrolls, a whopping 303,000! That bests most estimate and goes right alongwith the whisper number, which was higher than the estimates due to thestrength in ADP.
303,000. That’s the juiciest number that we’ve had going back to–. 303,000 equals May of 23. Right on the nose can find a higher number. You goback to January of last year.
If we look at the unemployment rate 3.8. Now this is a biggiebecause last month’s 3.9 was the highest unemployment rate since Jan of 22. Soit did moderate just a bit.
If we look at average hourly earnings, which were up one tenthof a percent last month, that was the lowest month over month change sinceMarch of 21. Let’s call it three years. First of all, that was revised. Now up2/10. And the new number is up 3/10 of a percent. Exactly as expected. Yearover year 4.1 as expected down from 4.3. Actually when you look at 4.1, youhave to go back to, June of 21. June of 21. Excuse me. Yeah. 4.1 June at 21.Find a lower number. That’s a really big deal when you consider, what theaverage hourly earnings on a year over year basis have been doing. Averageworkweek 34.4 hours. That’s a 10th higher than we were expecting and a 10thhigher in the rearview mirror, which is 34.3. And finally, you six. That’s theunderemployment rate. 16 excuse me, 7.3 7.3%.
And labor force participation. Wow! 62.7 62.7. That is a nicejump. We are at 62.5 last month and 62.6 was expected.
So these numbers are definitely stronger than expected." ~ Rick Santelli
‘WOW!’ CNBC Anchor Rick Santelli Stunned Over ‘Juicy’ Blockbuster Jobs Report
CNBC anchor Rick Santelli gushed over a March jobs report that he described as the "juiciest" in a long time, and that blew away expectations.
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