Obama advisers expect job growth in spring

By: Associated Press
By: Associated Press

December 14, 2009

WASHINGTON (AP) -- President Barack Obama's chief economic advisers say they expect the green shoots of the recovery to blossom into job growth in the spring.

But, White House Council of Economic Advisers Chair Christina Romer says that upward trend could be bumpy as those who have given up looking for work re-enter the labor market.

Romer told NBC's "Meet the Press"she won't consider the recession truly over until unemployment returns to 2007 levels.

White House National Economic Council director Larry Summers, meanwhile, told ABC's "This Week" the recession is statistically over after third quarter GDP growth.

Both agree that putting Americans back to work is the priority in shaking off the deepest economic downturn in decades.

President Barack Obama is calling for using $200 billion unexpectedly available from the bank bailout fund to further stimulate the economy.

He tells CBS's "60 Minutes," he wants a "targeted jobs package that can help to boost" hiring that's already under way.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


WRDW.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
Mailing Address: P.O. Box 1212 Augusta, GA 30903 Main Telephone: (803) 278-1212 Newsroom: (803) 278-3111 Fax: (803) 442-4561
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 79213762 - wrdw.com/a?a=79213762
Gray Television, Inc.