Kudlow: Here's more evidence of the story that SHOULD be told
Fox Business
|
October 02, 2026 at 10:15 PM UTC
Bullish
80% Confidence
Watch on YouTube
Key Points
- September's Household Employment Survey showed 406K jobs added, with a slight unemployment rate increase attributed to a massive influx of new job entrants.
- Production worker wages increased by 3.3% and hours worked by 1.9% over the past 12 months, leading to a 'wage income proxy' of 5.2%, which beats August's PCE inflation of 3.4%.
- Business-to-business spending (Gross Output) grew 13.8% in Q2, indicating a robust and 'booming' economy, with capital goods orders rising at a near 20% rate.
AI Summary
Larry Kudlow presents a bullish analysis of the latest jobs report and broader economic indicators, arguing that the U.S. economy is 'hot' and 'booming' with plentiful jobs and rising wages that are outpacing inflation. He criticizes the media for not adequately covering these positive developments.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bullish | 80% |
| Consensus | Bullish | 80% |