Fox’s Varney Declares, ‘These Are Good Numbers for Bidenonomics’ After Strong Jobs Report

Stuart Varney of Fox Business Network joined Friday’s Fox & Friends to discuss November’s jobs report, which showed that the economy added 199,000 jobs last month. The unemployment rate decreased to 3.7%. Economists had expected job creation of 180,000 and an unemployment rate of 3.9%.

“It’s a resilient labor market,” Varney told Ainsley Earhardt. “And President Biden is gonna talk about this at some point today because these are good numbers for Bidenomics – 199,000 jobs added to the economy. It’s a bit more than expected. There’s resilience there. The unemployment down to 3.7%. He’ll tout that, bigtime because he’ll say, ‘That’s Bidenomics at work.’ And that is, historically, a very low unemployment rate.”

“Is it because of Christmas?” Earhardt asked. “More people are working in shops?”

Varney replied by noting that the retail jobs figure was actually lower than anticipated.

“It just came in at 28,000 new retail jobs,” he said. “That’s very weak for this time of year. The other side of the coin is that you’re probably looking at no rate cuts from the Federal Reserve in the early part of next year because this shows strength in the labor market, strength in the economy.”

Varney noted that the Fed is unlikely to either lower or raise rates “in the immediate future.”

“So, steady as she goes,” he said.

Varney wasn’t the only Fox pundit to gush over the November figures. Over on Fox Business, Maria Bartiromo and Stephen Moore hailed the numbers.

Watch above via Fox News.