Charles Payne on Unemployment Under 4 Percent: ‘The Headline Is Huge, 17-Year Low’

EXCERPT:

PAYNE:" The headline is huge, 17-year low. There are a lot of moving parts with this, there's a whole lot of things we look at. Unemployment rate obviously is the big headline here. The only real negative I saw is participation. We saw people leave the labor force. I want to see people coming back into the labor force. That being said, wages were up 2.6 percent year-over-year. I think they should be higher and I think they will go higher, but by the same token, the reason why you see some pressure before the market opens here this morning is that the Federal Reserve thinks the economy is growing so quickly and we’re so afraid they’ll use their power to derail the stock market and that’s why the stock market is actually reacting somewhat negatively to what would otherwise be a pretty good number."