NEWS： The U.S. government's suspension is unfavorable to employment data
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Kevin Hassett, chairman of the White House Economic Advisory Council, said Thursday that the government's "too long" suspension could be detrimental to employment data in the short term.
In an interview with CNBC, Hassett said: "If the government really wants to close for a long time, it is estimated that in the short term it may have a negative impact on employment data."
But Hassett also said that the fundamentals of the U.S. economy are very strong, and there is no reason to adjust its forecasts. "You won't go into recession after a 3% quarterly rise."
He pointed out that market turmoil was related to the global economic slowdown, that the decline in oil prices was related to the weakness of Asian and European economies, and that the view that economic growth would reverse was inconsistent with the data.
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