Stronger Than Expected Jobs Creation But CNBC Reports "Trouble Lurked"

Published Friday, July 7, 2017 at: 7:00 AM EDT

CNBC, the nation's No. 1-rated TV financial channel, reported that the news on jobs was good but ominously added, "Beneath the surface, though, trouble lurked.""The economy added 222,000 in June but wage growth remains muted at just 2.5% annually," according to CNBC. "Even a 4.4% unemployment rate hasn't been able to put pressure on salaries, which are growing at just a 2.5% rate annually."Trouble is, those figures are not real. The U.S. economy created 222,000 new jobs in June - 25% more than expected, and the unemployment rate was 4.4%, according to data released Friday by the...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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