‘Wow!’ Trump Adviser Steve Moore Gobsmacked At Better-Than-Expected Jobs Report

Steve Moore, an economic advisor to President Donald Trump, was gobsmacked when hearing about the new jobs report released by the Bureau of Labor Statistics live on Fox Business on Friday.

Panelists were in the midst of talking about the labor market when the much better-than-expected numbers came through.

“Look at the futures jump and it is because this is one heck of a report, folks!” host Cheryl Casone said as Moore exclaimed, “Wow!” while monitoring the numbers on his phone.

“Wow, is right, Steve Moore!” Casone said. “Nonfarm jobs coming in at 178,000, 178,000 jobs,” she emphasized.

“The expectation was 60,000, folks, the unemployment rate went down to 4.3%, the expectation was 4.4%. We didn’t get a loss of manufacturing jobs — we got a hit of 15,000 manufacturing jobs. Private-sector jobs — get this, folks —186,000. The estimate was for 70,000.”

“Wow, what a great Easter weekend this is, I mean, my God!” Moore said. “This is way, way higher than even the range of forecasts. I can’t quite figure it out — I have to look deeper into numbers, but it is really good news for the economy.”

Moore continued:

I think one of those things things this tells us employers believe that the situation in the Middle East is temporary, and they’re planning for the future, and they’re hiring workers, according to this report. And so, it appears that employers and businesses believe Trump is right, that we’ll get the Strait of Hormuz open, that this is temporary shot to the economy, and that we’ve got sort of smooth sailing ahead. By the way, the fact that again, we are seeing more private sector employment and faling government employment, very positive a trend so far.

Moore added, “I’d love to see what happened with wage rate, but overall, wow — this is amazing report.”

“The government jobs was a loss of 8,000, I want to bring that up to everybody’s attention. And, also, I’m in the report now to kind of see what they are saying as far as where jobs were.”

She added, “We came in average earnings month-to-month with a gain of gain two-tenths of a percent. The Street was looking for a gain of three-tenths of a percent. And as far as earnings year-over-year, three-and-a-half percent, less than expected. We were looking for 3.7 percent.”

Watch the clip above via Fox Business Network.

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