According to the senior economic advisor, the White House does not expect a particularly strong employment report this week.

Kevin Hasset, director of the National Economic Council, stated in an interview on Monday that employment growth figures might be somewhat lower than usual, even though the economy continues to grow at a healthy pace. He advised not to overreact to a series of moderate employment data.

The release of January employment data, which was postponed due to concerns about a possible partial government shutdown, is now scheduled for Wednesday. Economists forecast that the report will reflect slow job growth, consistent with a labor market characterized as "small and tight, with low layoffs."

The forecasts from the Bureau of Labor Statistics (BLS) suggest that 69,000 new jobs were created in January. Additionally, the BLS will publish its annual revisions of employment data for the previous year, which may show a more pronounced weakening in the labor market.

For comparison: the BLS reported that in December, the number of jobs in the U.S. increased by 50,000.

Despite record highs in financial markets, steady wage growth, and consistently low unemployment rates, there are many signs that the labor market remains challenging for job seekers.

Last week, payroll company ADP reported that private sector employers added only 22,000 jobs in January. This modest increase was primarily driven by a reduction in hiring in the manufacturing sector and professional services, according to their latest report.