Hassett: Ignore Dismal Jobs Data, Focus on Gains
TL;DR Summary
White House economist Kevin Hassett argues July’s dismal payrolls can be dismissed by excluding sectors that lost jobs and focusing only on gains, but the broader Bureau of Labor Statistics data show a fragile, patchy labor market with declines in local government education and mixed manufacturing signals, challenging the idea of a strong economy despite some private-sector growth.
Topics:top-news#bureau-of-labor-statistics#business#jobs-report#july-2026#kevin-hassett#labor-market
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- Labor Market Shifts Into Reverse as Employers Balk at Hiring The New York Times
- How the weak jobs report could make inflation harder to manage cnn.com
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