WASHINGTON (Reuters) -Friday’s U.S. government report showing weaker job growth last month was disappointing but should improve when the data is revised next month, White House economic adviser Kevin Hassett said, citing housing in particular.
“It’s a little bit of a disappointing job number, but I pretty much expect it’s going to revise up” Hassett told CNBC in an interview.
“The housing sector is still a disappointment. It’s something we’re studying closely at the White House,” he added.
Data from the Labor Department’s Bureau of Labor Statistics released on Friday showed U.S. job growth weakened sharply in August while the unemployment rate increased to 4.3% as nonfarm payrolls increased by only 22,000 jobs.
(Reporting by Susan Heavey; Editing by Chizu Nomiyama )
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