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

[BumRushDaShow]

Source: Yahoo! Finance

Updated Tue, February 10, 2026 at 5:52 PM EST


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."

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

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[bagimin]

1. How much pain can one country stand?

I know, don't ask Ukraine.

[Skittles]

2. "illegals"

JFC I HATE THAT FUCKING "WORD"; it's what BIGOTS say to DEHUMANIZE people.

[bucolic_frolic]

3. I assure you: they are not revising THEIR expectations, they are revising OURS

They really know how to twist any narrative they throw at the wall

[Farmer-Rick]

7. If they are allowing some bad employment numbers

Out to the public, then the real numbers must be really awful. Kevin Hassett is a Trump suck up and GOP manipulator that knows how to rig numbers with the best of them.

[livetohike]

4. It must be really bad. How can it not be bad? Their

turmoil and uncertainty they create every minute of everyday doesn’t inspire confidence.

[IronLionZion]

5. Is this after they cooked the books?

Because the new MAGA person in charge of labor statistics might give us some spectacularly unbelievable numbers.

MAGA will give us some scapegoats to blame (they're stealing our jobs!) I miss the Biden days of "nobody wants to work anymore".

[DemMedic]

6. DON'T PANIC!!!

The boat is only sinking a little!

[Miguelito Loveless]

8. And then the report comes out

with higher numbers cooked by BLS.