White House and Federal Reserve prepare for slower job growth amid shifting labor trends

White House officials expect slower job growth due to higher productivity and labor shifts. The Fed is weighing these factors to shape interest rate policy.

Insights:
White House economic adviser Kevin Hassett announced on February 9, 2026, that job gains in the US USUS could be lower in the coming months. Hassett, who serves with the National Economic Council, attributed this potential slowdown to a combination of slower labor force growth and higher productivity.
White House economic adviser Kevin Hassett speaks in front of a TV camera at the White House in Washington, D.C., U.S., January 9, 2026. REUTERS/Kevin Lamarque
White House economic adviser Kevin Hassett speaks in front of a TV camera at the White House in Washington, D.C., U.S., January 9, 2026. REUTERS/Kevin Lamarque
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