The Fox Business team was greeted with bad news on Thursday as job numbers came in shockingly low.
"We came in underneath expectations," said Cheryl Casone. "We came in at 50,000 nonfarm jobs. The Street was looking for 110,000. The unemployment rate fell to 4.2 percent, down from 4.3 percent, which it had been holding steady at for about three months."
Furthermore, she noted, the underemployment rate, or rate that includes people who are working in lower-pay or lower-hours jobs that don't use all their skills, is 7.9 percent — and payrolls from earlier in the year were revised down by over 70,000. And health care and social assistance went up, but leisure and hospitality jobs went down.
This isn't the report Wall Street wanted, Casone noted — and when Maria Bartiromo tried to spin it as a "Goldilocks story" because the Dow Jones went up slightly on the news, right-wing economic analyst and former Trump adviser Stephen Moore disagreed.
"Well, I'm just looking at some of the other numbers, and look, I mean I'm a little disappointed in this, frankly," said Moore. "If you look at the household survey, it showed half a million fewer Americans working. So I'm a little puzzled by this."