Charles Payne, of Fox Business’ Making Money, tweeted his reaction to the news today that the jobless rate fell and the economy created 288,000 jobs. Think he found that to be good news? Think again.
Below is Payne’s tweet, “just asking” if the numbers are “too good for the stock market.”
Payne’s “concerns" were not exactly mainstream. As Media Matters reported:
Economists and business reporters praised the numbers from the July 3 Bureau of Labor Statistics jobs report. That report found an increase in total nonfarm payroll employment of 288,000 in June, with unemployment decreasing to 6.1 percent, the lowest rate since September 2008.
Furthermore, as FoxBusiness.com shows, the Dow rose 92.02 to 17,068.26, a new record.
Investors obviously thought the jobs report was good news, too. Otherwise, the Dow would have fallen.