White House Economic Advisor Hassett: July Jobs Data Eases Pressure on Fed Rate Hikes

Odaily News: White House Economic Advisor Hassett commented on the U.S. July jobs data, stating that it eases the pressure on the Federal Reserve to raise interest rates. He noted a slight softening in the participation rate, with baby boomers retiring, and that government employees and World Cup-related employment were partly responsible for the weak jobs figures. (Jin10)