Jobs Numbers Would Be Better if Rates Were Cut, Don’t Match with Rest of Economy, and Might Be Revised Up

During the Friday edition of “Meet the Press NOW” of NBC, the director of the National Council of the White House, Kevin Hassett, said that “when we look at all the indicators, it seems that things go very well and that the economy is on the way.” And the figures of “weak” jobs do not correspond to this, but would make it if they were revised upwards as the August employment figures tend to be, and declared that the rates had been reduced earlier, “we would probably see stronger figures at the moment”.

Hassett said: “Well, at the moment, when we are examining all the indicators, it seems that things go very well and that the economy is underway. We have industrial production at a record level. We have capital of 9% in the first half of the year. We see in the image.

He added that “the best measure of the global economy is GDP”.

Hassett also said: “I have to concede that the work figures are lower than the meaning given everything that is going on and that the term markets at the moment expect the federal reserve to lower the rates, and I think, if they had done it a little earlier, we will probably see more solid working figures at the moment.”

Hassett added that “we see a massive explosion in factory investment and capital expenses, and once again, the job numbers at the moment are incompatible with them, and we will simply have to see at the end. We have a very important reference revision to employment numbers next week, and we must really start to see the job figures. And “there is a more modern and online place called Homebase, which has the employment number in August at 150,000.”

Follow Ian Hanné Henching on Twitter @Ianhanchett