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Hassett argues that declining labor force participating isn't really a problem because Trump's mass deportation is lowering the baseline number of jobs

Aaron Rupar

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62,826 görüntüleme • 1 ay önce •via X (Twitter)

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White House economic adviser Kevin Hassett says the U.S. is not in a hiring recession, despite the Bureau of Labor Statistics November jobs report showing unemployment ticked up to 4.6% and the pace of hiring slowed. “I think that, basically, the number was about what the market expected,” Hassett argues. “It was a number that was less than 100, which is a little bit lower than you'd like. But then, after that, we got the Consumer Price Index numbers, which were really amazing.”

White House economic adviser Kevin Hassett says the U.S. is not in a hiring recession, despite the Bureau of Labor Statistics November jobs report showing unemployment ticked up to 4.6% and the pace of hiring slowed. “I think that, basically, the number was about what the market expected,” Hassett argues. “It was a number that was less than 100, which is a little bit lower than you'd like. But then, after that, we got the Consumer Price Index numbers, which were really amazing.”

Face The Nation

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Kevin Hassett on Fox News argues that if you exclude the sectors that lost hundreds of thousands of jobs, "you actually had a number that was about plus 100,000" 🙃

Kevin Hassett on Fox News argues that if you exclude the sectors that lost hundreds of thousands of jobs, "you actually had a number that was about plus 100,000" 🙃

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On the heels of a weak August jobs report that fell well short of economists’ expectations, White House economic adviser Kevin Hassett is downplaying the jobs data, telling Margaret Brennan “the reason we are getting massive revisions and numbers that don't make sense is really that we have got to modernize the way we do the labor data.” Hassett goes on to add, “The thing I am most suspicious of in terms of data quality is the job number, in part, because there are other ways to do it.”

On the heels of a weak August jobs report that fell well short of economists’ expectations, White House economic adviser Kevin Hassett is downplaying the jobs data, telling Margaret Brennan “the reason we are getting massive revisions and numbers that don't make sense is really that we have got to modernize the way we do the labor data.” Hassett goes on to add, “The thing I am most suspicious of in terms of data quality is the job number, in part, because there are other ways to do it.”

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NEC Director Kevin Hassett on the January jobs report: One of the stories that everybody's been worried about is that AI is going to take away people's jobs. Well, the topline job number shows that that's not happening. The other thing you can see is that prime-age labor force participation went up to the highest level it's been since 2001.

NEC Director Kevin Hassett on the January jobs report: One of the stories that everybody's been worried about is that AI is going to take away people's jobs. Well, the topline job number shows that that's not happening. The other thing you can see is that prime-age labor force participation went up to the highest level it's been since 2001.

Rapid Response 47

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Hassett: "The breakeven job number is a lot lower than it used to be because we're tightened the border. So 130,000 jobs this year is sort like 200,000 two or three years ago because we don't have this massive inflow of immigrants that are working. So these are really great jobs numbers."

Hassett: "The breakeven job number is a lot lower than it used to be because we're tightened the border. So 130,000 jobs this year is sort like 200,000 two or three years ago because we don't have this massive inflow of immigrants that are working. So these are really great jobs numbers."

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Hassett: "There's a pretty big decline in the labor force because of illegals leaving the country, so the break even job number is quite a bit lower than it was under Joe Biden. So you should expect slightly smaller job numbers."

Hassett: "There's a pretty big decline in the labor force because of illegals leaving the country, so the break even job number is quite a bit lower than it was under Joe Biden. So you should expect slightly smaller job numbers."

Aaron Rupar

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HASSETT: "The economic news we've been seeing is really wonderful. It's way above expectations of economists... 10,000 manufacturing jobs, 9,000 auto jobs... The lowest core inflation in four years. You can see that President Trump's policies are working."

HASSETT: "The economic news we've been seeing is really wonderful. It's way above expectations of economists... 10,000 manufacturing jobs, 9,000 auto jobs... The lowest core inflation in four years. You can see that President Trump's policies are working."

Rapid Response 47

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.Bill Kristol: " The mass deportation agenda is really at the beating heart of the Trump administration's agenda and the beating heart of the authoritarianism…The authoritarianism of mass deportation is a feature, not a bug."

.Bill Kristol: " The mass deportation agenda is really at the beating heart of the Trump administration's agenda and the beating heart of the authoritarianism…The authoritarianism of mass deportation is a feature, not a bug."

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Sen. Hawley spars with witness over impact of mass deportations: Hawley: "Here's the Democrats' plan: take the 13M-plus illegals who are here, taking jobs...flood[ing] the labor force..." Witness: "They can't flood the labor force if they're already part of the labor force."

Sen. Hawley spars with witness over impact of mass deportations: Hawley: "Here's the Democrats' plan: take the 13M-plus illegals who are here, taking jobs...flood[ing] the labor force..." Witness: "They can't flood the labor force if they're already part of the labor force."

The Recount

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Hassett: "When you look at the jobs numbers and see that they're below 100, the below 100 thing isn't as disturbing as it might be in the past because a lot of it is reduced federal govt employment and of course we're deporting illegals. If you account for those things, then the expected jobs number for a strong month is a lot closer to what we're seeing."

Hassett: "When you look at the jobs numbers and see that they're below 100, the below 100 thing isn't as disturbing as it might be in the past because a lot of it is reduced federal govt employment and of course we're deporting illegals. If you account for those things, then the expected jobs number for a strong month is a lot closer to what we're seeing."

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The only reason Jerome Powell isn't lowering interest rates is because of Trump's irrational tariff policy. What Trump is doing threatens the very economic fabric and prosperity of this country.

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NEC Director Hassett on the March jobs report: "It was a blockbuster number, and the reason it's a blockbuster number is because I think economic agents throughout the U.S. economy have their eyes on the horizon. They're looking at all of the positive things that are going on..."

NEC Director Hassett on the March jobs report: "It was a blockbuster number, and the reason it's a blockbuster number is because I think economic agents throughout the U.S. economy have their eyes on the horizon. They're looking at all of the positive things that are going on..."

Rapid Response 47

26,797 görüntüleme • 5 ay önce

Black jobs and mass deportation of illegals is on the table, how can I pass that up? lol. I’m never voting Democrat

Black jobs and mass deportation of illegals is on the table, how can I pass that up? lol. I’m never voting Democrat

Woodz 🇺🇸

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Hassett downplays a terrible February jobs report: "It's about what we expect to be seeing because immigration has gone down by so much that the breakeven employment is probably in the 30,000 or 40,000 jobs a month range. The economy is really strong."

Hassett downplays a terrible February jobs report: "It's about what we expect to be seeing because immigration has gone down by so much that the breakeven employment is probably in the 30,000 or 40,000 jobs a month range. The economy is really strong."

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