CNBC’s Santelli: August Jobs Report Is ‘Wonderful News … Will Lead To More Even More Strength’

TRANSCRIPT:

SANTELLI: "I think that this is wonderful news and I think that we have to keep a perspective that there's many people that really, really want to come back to work but their governors just don't see it's the correct time, although some seem to be changing their mind. I also think, when it comes to manufacturing, Steve was correct that we are doing more with less people in keeping up with new demand for many of the same reasons whether it's the nervousness in the workforce or inability to attract workers. I do see lots of signs in my anecdotal area for manufacturing and some of these service sector areas that have been allowed to open. But I think the most important aspect of this report, in my opinion, is the notion that we are seeing these trends at a time where, like New Jersey, there are states that are starting to really open up in bigger ways. So I think this report will lead to even more strength in future reports."