Trump White House National Economic Council Director Kevin Hassett insisted “the economy is really strong” after CNBC anchor Carl Quintanilla requested him a few February jobs report that confirmed surprising losses and a pointy drop within the workforce on Friday.
Experts had been expecting a rise of round 50,000 jobs forward of the Employment Situation report for final month. But on Friday morning, the report confirmed 92,000 jobs misplaced and 69,000 extra in downward revisions, and a workforce participation quantity that shocked CNBC anchor Rick Santelli.
On Friday morning’s edition of CNBC’s Squawk on the Street, Quintanilla remarked to co-host Jim Cramer that the workforce quantity “unwinds, like, several years worth of gains” and Cramer exclaimed “My kingdom for an asterisk!”
Several minutes later, Quintanilla requested Hassett in regards to the report, and whether or not there are “enough asterisks, in Jim’s words, to make this number make more sense?”:
CNBC ANCHOR CARL QUINTANILLA: Are there sufficient asterisks, in Jim’s phrases, to make this quantity make extra sense?
With revisions, the common job progress for the previous three months is 5,667 jobs created, with a complete of 17,000 web jobs created.
Watch above by way of CNBC’s Squawk on the Street.
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