Hassett Sees Leaner Jobs Numbers Ahead on Less Population Growth

National Economic Council Director Kevin Hassett said lower US jobs numbers can be expected in the months ahead as population growth slows.

“I think that you should expect slightly smaller job numbers that are consistent with high GDP growth right now,” Hassett said Monday on CNBC. “One shouldn’t panic if you see a sequence of numbers that are lower than you’re used to, because, again, population growth is going down and productivity growth is skyrocketing.”

The January jobs report, scheduled for release on Wednesday, is expected to show employers added 69,000 jobs. The unemployment rate is ...