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Jobs Numbers Were So Bad CNBC Had To Check It Again!
KERNEN: “Let’s get to Steve because he’s got the number. OK. Good, 1.08. Steve, the number.”
LIESMAN: “Wow, it just came across. Give me a second here. We have the number here. Just came across. Sorry about that it came across very quickly here. It looks like 266,000. It looks like it was a big disappointment at 266, but maybe I have that wrong. Let me double check the bureau website here. One second yes, 266 is correct. Unemployment changed, little change to 6.1 percent, so we have some issues here.”
SANTELLI: “266,000 big revision.” [crosstalk]
LIESMAN: “Yes, that’s what I’m — you don’t here me there?”
SANTELLI: “Last month 770 versus 916. Yes. Minus 78,000 on the revision. If we look at manufacturing, change in private payrolls, it was only 218,000 manufacturing minus 18,000, the unemployment rate went up to 6.1. Average hourly earnings, rocketing up .7. Year over year up .3 on earnings, and average work week, strong, 35. And here we go, 61.7 on the labor force participation rate.”
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