NEC Director Kevin Hassett reacts to November jobs report

Economic Overview - The private sector gained approximately 120,000 to 121,000 jobs in October and November combined, while there was a loss of about 160,000 federal government jobs due to a buyout program [1][2] - Since the president took office, the private sector has created around 700,000 jobs, indicating a solid upward trajectory in job creation [3] Interest Rates and Economic Policy - The president believes that interest rates could be lowered to stimulate job growth, reflecting a consensus among many that there is room for the Federal Reserve to reduce rates [5][6] - The current economic growth is attributed to a supply-side push rather than demand-driven growth, with numerous new factory openings and significant construction employment contributing to this trend [6][7] - The supply-side shock, influenced by recent legislation and trade policy, is exerting downward pressure on prices while simultaneously boosting growth [7]