White House Economic Chief Predicts Modest Decline in Employment Data

White House National Economic Council Director Hassett forecasts a slight drop in upcoming U.S. jobs data, urging calm over expected figures.

Summary

White House National Economic Council Director Kevin Hassett stated on Feb. 9 that upcoming U.S. employment figures are likely to show a modest decline. He advised that the lower numbers should not be a cause for concern or panic. Hassett’s comments come ahead of official job report releases, aiming to temper public and market reactions.

Terms & Concepts
  • National Economic Council: A White House body that advises the U.S. President on economic policy and coordinates economic policy-making.