‘This is Terrible News’: CNBC Anchors Shocked By Dismal Jobs Report

Analysts on CNBC’s Squawk Box assessed September’s abysmal jobs report on Friday, calling the net gain of 235,000 jobs — a third of the anticipated 720,000 — “terrible news” for the economy.

“The market not selling off a ton of this, but this is terrible news for what it means for the real economy,” host Becky Quick noted.

“You can drive a truck of about half a million workers through that gap,” Steve Liesman replied. He said education had represented a “big
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