'We have to revise our expectations': White House downplays coming jobs report

[Yo_Mama_Been_Loggin]

A much-anticipated labor market update isn't due out until Wednesday morning, but the White House is already working to temper expectations.

Members of President Trump's team have offered multiple warnings that employment gains may disappoint Wall Street and have tried to downplay what a miss might indicate about the state of the US economy.

"One shouldn't panic," National Economic Council Director Kevin Hassett told CNBC on Monday in a clear message to investors. "You should expect slightly smaller job numbers."

But he said the results may not be a sign of broader trouble, explaining the potentially smaller numbers as a combination of a "productivity boom" and "a pretty big decline in the labor force because of illegals leaving the country."



https://finance.yahoo.com/news/we-have-to-revise-our-expectations-white-house-downplays-coming-jobs-report-200406607.html

[Brother Buzz]

1. Who is the marmalade shartcannon going to blame?

[sakabatou]

2. Everyone but himself, even though he pretty much said he owned the economy

[Brother Buzz]

3. My Magic 8 Ball totally agrees with you

[Deuxcents]

4. "We have to revise our expectations" because we took a wrecking ball to our economy

[dalton99a]

5. "Vote Trump and your incomes will soar. Your net worth will skyrocket. Your energy costs and grocery prices will

come tumbling down."

- Donald Trump in Indiana PA, Sept. 23, 2024

[Qutzupalotl]

6. They're blaming their deportations?!

Have they deported a million people? I don’t think so.

Anyway, wouldn’t removing workers create job OPENINGS?