On Friday's NBC Today, less than two hours before another poor jobs report, co-host Matt Lauer touted a bold economic prediction: "Some of the analysts I've been reading have said that no matter who is president over the next four years, the economy will add about 12 million jobs just because of the cycle it's in." CNBC Mad Money host Jim Cramer agreed with the rosy scenario: "...a lot of pent-up demand in autos and pent-up demand in exports. It's not such a bad moment."
Earlier in the discussion, Cramer predicted that the upcoming jobs numbers would be "a little better than expected" from the projection of 135,000 jobs created in August, with "Maybe 10,000 jobs more than that." At the top of the 9 a.m. hour, fill-in news anchor Tamron Hall delivered the much more disappointing reality: "[The unemployment rate] now stands at 8.1% for the month of August, down .2% from July, but only because more people gave up looking for work. The economy added 96,000 jobs last month."