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White House's Romer: jobs will lag growth

Source: Reuters
London : United Kingdom | 29 days ago  
Views: 39
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U.S. President Obama speaks on the economy at the White House in ...
A jump in U.S. unemployment to 10.2 percent last month reflects the typical lag shown by the labor market as growth picks up, a top economic adviser to President Barack Obama said on Friday. "Today's employment report contained both signs of hope for recovery and painful evidence of continued...
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  • News Source: The Jeffersonville Evening News & The New Albany Tribune | 29 days ago
    The U.S. jobless rate for October was 10.2 percent — the highest mark since April 1983 and up from 9.8 percent in September...The average duration of unemployment is up to just under 27 weeks. Uric Dufrene, Sanders chair of the Indiana University...
  • News Source: Times Online | 29 days ago
    The Labour Department said that 190,000 jobs had been lost in October, worse than the 175,000 expected by economists, pushing the unemployment rate to 10.2 per cent — the highest figure since April 1983. The data is being watched closely as...
  • News Source: Al Jazeera | 29 days ago
    The largest job losses over the month were in construction, manufacturing, and retail trade. Long-term unemployed Tom Bemis of Marketwatch.com in London, told Al Jazeera that the US economy had grown in the last quarter and that the US...
  • News Source: Reuters | 29 days ago
    A jump in U.S. unemployment to 10.2 percent last month reflects the typical lag shown by the labor market as growth picks up, a top economic adviser to President Barack Obama said on Friday. "Today's employment report contained both signs of hope...
  • News Source: Fox News | 29 days ago
    Romer said the latest unemployment figures are a reminder of the severity of the recession and that the administration is considering more measures to stimulate the economy. Obama will sign an extension of unemployment benefits Friday morning. The...
  • News Source: Seattle Times | 29 days ago
    White House economic adviser Christina Romer (ROH'-mur) says the 10.2 percent unemployment rate for October is a stark reminder of how much more needs to be done to get people back to work. Romer, who heads the president's Council of Economic...
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