Obama Aides See ‘Extended Period’ of Unemployment
"U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today.
The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,” .....
Treasury Secretary Timothy F. Geithner, White House budget director Peter Orszag and Christina Romer, chairman of the Council of Economic Advisers, said in a joint statement.
The officials said unemployment may even rise “slightly” over the next few months as discouraged workers start job-hunting again."
"U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today.
The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,” .....
Treasury Secretary Timothy F. Geithner, White House budget director Peter Orszag and Christina Romer, chairman of the Council of Economic Advisers, said in a joint statement.
The officials said unemployment may even rise “slightly” over the next few months as discouraged workers start job-hunting again."
The ghost of Jimmy is descending on BarryO.
And that ain't good for Americans.
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