US White House NEC Director Hassett says if you take out government workers and the World Cup, then the NFP print would have been 100k, speaking on Fox Business
Every headline is on the live feed 20 minutes before this site.
Newsquawk European Market Wrap - 7th August 2026
Canada is discussing trade concessions with the US in return for tariff relief, Globe & Mail reports citing sources
US White House NEC Director Hassett says if you take out government workers and the World Cup, then the NFP print would have been 100k, speaking on Fox Business
US EQUITY OPEN: Stocks bid after soft payrolls report pares Fed rate hike expectations
SK Hynix (000660 KS/SKHY) is reportedly considering options for Chongqing, Bloomberg reports
On the Newsquawk feed at , 20 minutes before this page.
- Looking almost exclusively at unemployment, which fell.
Context
White House commentary on labour data follows a well-worn pattern: administrations characteristically reframe headline prints by stripping out components that flatter or flatter-away the narrative, and officials of this office have historically leaned on adjustments of exactly this kind when the headline number sits awkwardly with the preferred story. The mechanism here is worth noting precisely: excluding government payrolls and a one-off event-driven hiring bump is a claim about the underlying private-sector run rate, which is the series the rates market actually trades off, so the remark cuts both ways depending on whether it is read as downplaying a soft print or celebrating a firm one. The reference to the unemployment rate falling, and looking at it almost exclusively, signals the framing choice: the household survey measure is being elevated over the establishment survey, a distinction that has mattered in past episodes where the two diverged. Follow-ons of this kind typically include whether other officials or the statistical agencies echo or qualify the adjustment, and whether the subsequent revisions and the next print confirm the underlying trend being claimed. As messaging rather than data, the remark itself carries no new information beyond the headline it annotates.
Related headlines
- Newsquawk Daily Asia-Pac Opening News - 15th October 202618 hours ago
- Newsquawk European Market Wrap - 14th October 20261 day ago
- US White House NEC Director Hassett says the jobs report was about expected, data shows that the consumer is very strongOct 02
- White House NEC Director Hassett says Navy has opened Hormuz and crude coming through and more announcements next week on energyOct 02
- White House NEC director says not disappointed in US jobs report; Government employment down, everything else up; policies are workingOct 02
- US Market Wrap: Stocks mixed amid steeper yield curve as dovish Williams eases Oct. hike betsSep 29
- Romanian naval authority says crew evacuated from a commercial ship which caught fire in Romanian territorial waters; unclear whether ship was hit by drones, an investigation is pending20 hours ago
- Denmark Foreign Ministry says if US wishes to explore Greenlandic subsoil for oil, gas and minerals, this must take place within the framework of the relevant Greenlandic legislation22 hours ago
- RN's Le Pen says she believes that France is not in a position to finance Ukraine22 hours ago
- UK Chancellor Healey is reportedly making plans to cut the cost of hiring under-25-year-olds at the UK Budget, City AM reports citing sources1 day ago
- Italian PM Meloni says tax breaks for software investment will be included in the 2027 budget3 days ago
- Eurogroup Chief Pierrakakis says EU approves Greece's energy escape clause request6 days ago
- US President Trump touts yesterday's stock market performance7 days ago
- US President Trump says pretend I'm running in this election and if we don't win, they will end up impeaching meOct 02
- Brazil Senator Flavio Bolsonaro says he will not attend TV Globo debate with presidential hopefulsOct 01
- UK Ministers are working up sweeping plans for welfare changes including scrapping a key disability benefit for under-25s and replacing it with a multibillion-pound package of support to get into work, the Guardian reportsOct 01
- US President Trump says he had fruitful discussions with Chinese President Xi about political prisonersSep 30
- US President Trump says regarding FlyDubai plane incident that he spoke to Israeli PM Netanyahu at length about the security incident and that the co-pilot in the Israel flight incident was perhaps a terroristSep 30
- US Senate Democrats block bill setting new cnsntraints on congress members trading stocks, saying it is too weakSep 30
- A White House official told Al Jazeera that US President Trump is keeping all options on the table to ensure Iran does not acquire a nuclear weapon2 hours ago
The feed had this first.
Use the Platform