Robert Wolf: Jobs Report ‘Was a Great Day Versus Expectations’ But ‘I Don’t Think We Should Be Spiking the Ball’

‘I want jobs to come back, but we’re still at 13% unemployed and 20% unemployed and underemployed’

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RUSH EXCERPT
WOLF:  "Yeah, listen, Charles, thanks for having me on. Yesterday was a great day versus expectations, but I don’t think we should be spiking the ball, right? We have 20 million more people unemployed since the pandemic. If you look at the numbers yesterday of the two and a half million that came back, that was the exact amount of temporary workers and 60% was leisure and hospitality coming back that got government aid. So, I think that we still have underemployed and unemployment at 20% and we add over 100,000 small businesses close. So, yes, yes, yesterday was a great day versus expectations, but no one could say that a 30% increase versus the worst time of the great recession is spiking the ball or a rocket ship. So I’m a capitalist. I want us to have a great economy. I want jobs to come back, but we’re still at 13% unemployed and 20% unemployed and underemployed."

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