Economy

Kevin Hassett Claims Stock Market Underestimates the Impact of Latest Jobs Data

Kevin Hassett Praises Latest Jobs Report

Kevin Hassett, the United States Director of the National Economic Council, expressed his enthusiasm about the latest jobs report during an interview with Fox Business on Friday. He described the report as "fantastic" and suggested that the stock market is not fully appreciating its significance.

Impact of Trump's Policies

Hassett highlighted the positive effects of President Donald Trump's vision and policies on the job market. He pointed out a significant decrease in government employment alongside growth in manufacturing jobs, attributing these changes to the administration's strategies.

Strong Job Numbers Despite Challenges

Despite the challenges posed by the flu season, which might have deterred many from seeking employment, Hassett noted that the country still managed to achieve strong job numbers. He reassured the public that the United States is not on the brink of a recession, expressing optimism about the economy's direction.