The Jobs Report That's Got Everyone Talking CNBC host Rick Santelli was left speechless by last week's jobs report, which showed the US economy added 162,000 nonfarm payroll jobs in August.
This number far exceeded economists' expectations of a modest increase, with some predicting only 53,000 new jobs. The magnitude of this surprise is what makes it so remarkable.
Economists had been bracing for a small gain in employment, but the actual numbers were significantly higher.