‘Disappointing' jobs report expected to ‘revise up,' White House advisor Hassett says
Other countries
- 06 September, 2025
- 15:35
White House economic advisor Kevin Hassett called Friday's new jobs report number "a little bit disappointing," but added, "I expect it's going to revise up," Report informs via CNBC.
Hassett's comments on CNBC's "Squawk on the Street" came shortly after the Bureau of Labor Statistics reported that nonfarm payrolls rose by only 22,000 in August.
That is less than one-third of the 75,000 new jobs expected by economists who were surveyed by Dow Jones ahead of the report.
When Hassett was asked if he was concerned about a sluggish hiring rate, he responded with a personal anecdote.
"Members of my family have been hired," he said.
"Both of them started their new jobs about a week ago. And so you are seeing that people are being hired."
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