'Pretty brutal': Fox hosts admit new jobs numbers are 'disappointing' for Trump

Even President Donald Trump's favorite network couldn't sugarcoat the anemic August jobs report that was released on Friday.

The Daily Beast reported that Fox Business host Cheryl Casone acknowledged in a Friday segment that figure of just 22,000 new jobs added throughout the economy was "weaker than expected." And she added that the new revisions for June's jobs report that found the economy actually bled 13,000 jobs were "pretty brutal" for the Trump administration.

Host Charles Payne also piled on, calling the newest jobs report – the first since Trump fired former Bureau of Labor Statistics (BLS) commissioner Erika McEntarfer – "disappointing," particularly when looking at the manufacturing sector.

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"It’s not so bad that we’re thinking recession, but it’s bad enough that we’re thinking maybe the Fed could be much more accommodative beyond September," he said.

The status of the manufacturing sector is especially dire, with the August jobs report finding that U.S. manufacturers shed roughly 12,000 jobs. This follows consecutive months of manufacturing job losses of 11,000 fewer manufacturing jobs in May, 17,000 in June and 2,000 in July. This is despite Trump proclaiming that his tariffs are meant to spur growth in the manufacturing sector.

Additionally, CNN data reporter Harry Enten found that when factoring in the June revisions, the U.S. economy had four straight months in which fewer than 100,000 jobs were created during a 120-day period. He noted that this hadn't happened since 2010, when the U.S. was in the height of the Great Recession that followed the 2008 financial crisis.

The U.S. unemployment rate ticked up to 4.3 percent in August, which is the highest jobless rate since 2021, when the Covid-19 pandemic was still affecting day-to-day commerce. The Federal Reserve has indicated that it may announce an interest rate cut at its September 16 meeting – which it usually does during an economic downturn.

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Click here to read the Daily Beast's article in full (subscription required).