Wow, wow, wow! CNBC host clearly shocked after US economy adds 162,000 jobs 3X expectations. Bet on America now
News Source : Yahoo Entertainment
News Summary
- The u.s. economy added 162,000 nonfarm payroll jobs in August.
- That's more than three times the 53,000 jobs economists had expected.
- The unemployment rate held steady at 4.1%, even as the labor force participation rate edged up to 61.6%.
- "For 240 years it's been a terrible mistake to bet against America, and now is no time to start," Warren Buffett wrote in his 2015 shareholder letter.
- "America's golden goose of commerce and innovation will continue to lay more and larger eggs"
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. CNBCs Rick Santelli has analyzed countless economic releases during his decades at the network.
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