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Fox Business Anchor Doesn’t Want You Getting Too Excited Over The Good Jobs Report

Posted by Brian -4pc on July 03, 2014 · Flag

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_jobs_report_tweet.png

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.

Dow_Jobs_report.png

Investors obviously thought the jobs report was good news, too. Otherwise, the Dow would have fallen.

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NewsHounds posted about Fox Business Anchor Doesn’t Want You Getting Too Excited Over The Good Jobs Report on NewsHounds' Facebook page 2014-07-03 19:37:15 -0400
Leave it to a Fox Business anchor to spin good economic news as bad news.








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