'Is it too good?' Fox's Bartiromo struggles to spin new blockbuster jobs report

The latest jobs report showed another month of enormous growth, with over 300,000 new jobs created, far above the expected number of 200,000 — and Fox News' Maria Bartiromo struggled to find a negative spin to put on things.

Ultimately, she told viewers that the economy was probably "too" good.

"The household employment was actually up almost 500,000, and the unemployment fell, the work week was stable," said former Trump White House economist Joe LaVorgna. "It looks really good right now, certainly better than consensus expectation. Better than a lot of other data might suggest, the PMIs, for example, purchasing manager surveys, suggest there should be weakening employment. So at least for March, things look good. Even if we look at the private sector, huge job growth, over 200,000, if you take out health care, still looking at private, around 150. It's a good number, no question."

"Well it's a good number, but is it too good for rate cuts?" said Bartiromo, referencing the Federal Reserve's recent suggestion that three interest rate cuts could be coming this year — which would be a sign that inflation is cooling, although generally economic growth slows along with inflation much faster than it is currently. "The economy's on fire like this, and we've got 303,000 jobs in the month of March. Why cut interest rates?"

Bartiromo, who according to previous reporting played a key role in spreading conspiracy theories about the 2020 presidential election, similarly attacked the previous jobs report of 275,000 new jobs added, suggesting that the numbers had been rigged by Labor Department employees: "If you've got government holding the strings and pulling the strings, of course you're going to get a better showing than reality!"

Similar conspiracy theories about the unemployment rate being rigged took off during the Obama administration, although no evidence has ever emerged to support this idea, and there are other private-sector surveys of employment that have broadly agreed over time with the Bureau of Labor Statistics.

Watch the video below or at the link here.