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CNBC's Rick Santelli has ******* yzed countless economic releases during his decades at the network. But the veteran market commentator could barely contain his surprise when the latest U.S. jobs numbers crossed the screen.
"Hold on to your seats, folks," Santelli said (1) during CNBC's live coverage on the morning of Sept. 4. "Nonfarm payrolls for the month of August: up 162,000. That's basically three times what expectations are."
The official numbers confirmed the magnitude of the surprise. The U.S. economy added 162,000 nonfarm payroll jobs in August, according to the U.S. Bureau of Labor Statistics (2) — more than three times the 53,000 jobs economists had expected (3).
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