InfoAnda - 'Long way to go' in taming US joblessness: White House

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Solution to Somalia's problems 'easy': Sharif | 6 October 2009
Bus overturns, injuring 13 college band members | 1 November 2009
Under Obama, US drops hostility to ICC: experts | 23 March 2009

Britain's Hague meets Ecuador's top diplomat in U.S. on Assange | | 27 September 2012

Forum Views () Forum Replies ()

Read more with google mobile : 'Long way to go' in taming US joblessness: White House

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap 'Long way to go' in taming US joblessness: White House AFP - Monday, April 5 Send IM Story Print The United States has "a long way to go" in taming its stubbornly high unemployment rate, despite positive jobs creation news last week, top White House economic adviser Lawrence Summers, pictured in January 2010, said Sunday. WASHINGTON (AFP) - – The United States has "a long way to go" in taming its stubbornly high unemployment rate, despite positive jobs creation news last week, top White House economic adviser Lawrence Summers said Sunday. "We've got a long way to go. We've inherited a terrible situation, the most pressing economic problems since the Great Depression in our country," Summers told CNN television's "State of the Union" program. Summers called efforts to bring down the high unemployment, which has been stuck for months at 9.7 percent, the "preoccupation" of President Barack Obama's administration. "There's a great deal we've got to do, and we've got to do it with all of the energy that we can," Summers said. "It is the president's preoccupation to put people back to work," he said. "That's what the legislation he signed into law -- to give incentives to businesses to hire people who've been out of work -- was all about. Summers also cited a raft of legislation in the pipeline, to "channel credit to small business, to protect the jobs of those on the front lines, teachers and policemen, to make investments" -- all with an eye towards job creation. He told ABC television's "This Week" program, meanwhile, that after months of grinding recession and a stalled unemployment rate, he "expects the trend to be upwards" in the US economy. But Summers suggested the path toward economy recovery may not be smooth, warning that "the numbers could fluctuate." Christina Rohmer, chairwoman of the White House Council of Economic Advisers, took a more sanguine view of the economy, hailing what she called "good, solid employment growth." "I anticipate we'll continue to see positive job growth as we go forward. What I'll be focusing on is, how big does it get," she told NBC television's "Meet the Press" program. "The fact that the unemployment rate stayed constant this month at some level is pretty amazing," she said. "There's been a tremendous increase in the labor force," Rohmer added. "Over the last three months we've added more than a million people to the labor force. That's a great sign. That's a sign that people that might have been discouraged dropped out because of the terrible recession, have started to have hope again, and are looking for work again." Their remarks came after the US government released figures last week showed that the recession-wracked American economy may be turning a corner, creating 162,000 jobs in March, the biggest increase in three years. Last week's upbeat economic news was tempered however by sobering data showing that the number of people who have not worked in more than six months rose by 414,000 in March, to 6.5 million people. The US Labor Department also said Friday that the job growth was not enough to budge the unemployment rate from 9.7 percent -- a mission Obama will be determined to accomplish before crucial mid-term elections in November. Since the recession began in December 2007, around eight million Americans have lost their jobs. Some 15 million Americans remain unemployed. But like Summers, Rohmer warned that it may not be completely smooth sailing ahead on the jobs creation front. She noted that an anticipated real GDP growth of just three percent for 2010 may not be enough to create more than a trickle of new jobs. "You need faster than that to really make a dent," she said. "We still face a lot of headwinds." Recommend Send IM Story Print News Search Top Stories Obama attends Easter service at historic black church 'Long way to go' in taming US joblessness: White House Pope shuns paedophilia scandal as Christians mark Easter Polish central bank, government squabble over money Britain's Mandelson attacks 'unacceptable' Barclays banker More Top Stories » Most Popular Most Viewed Most Recommended Abortion doctor killer gets life; no parole for 50 yrs Did comet smashup unleash Earth's mini Ice Age? Britain's Mandelson attacks 'unacceptable' Barclays banker Gunmen in army uniforms massacre 25 people in Iraq Hamilton fastest in Malaysia GP, but cautious More Most Viewed » 'Rare' fossil of new dinosaur species found in US Hollywood stars help prevent suicide after Twitter alert Junkies and junk-food addicts share craving mechanism Toad is a telltale for impending quakes: scientists More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Monday, 5 April 2010
Triple blasts target Baghdad embassies, killing 30
Bomb defused outside N.Ireland police station: police
NATO admits Afghan civilian deaths in night raid |
Senegal takes back French military bases in symbolic move
Turkish court orders rearrest of coup plot officers
Israel allows clothes, shoes into blockaded Gaza
British kissing couple loses jail appeal in Dubai
Fighters kill U.N. peacekeeper in north Congo attack |
Obama attends Easter service at historic black church
'Long way to go' in taming US joblessness: White House
Karzai rallies tribes, distances self from West |
Pope shuns paedophilia scandal as Christians mark Easter
Four Shot Dead Inside California Restaurant
Teacher identified by father as 2nd Moscow bomber |
Afghan leader seeks support for new offensive
Nine rescued alive from flooded China mine: state TV
State TV says 9 rescued from flooded Chinese mine
Nine rescued alive from flooded China coal mine: state TV
UN's Ban calls Aral Sea 'shocking disaster'
Karzai pledges consultation before new offensive
Thai protesters pledge to leave commercial area
South Korean oil tanker seized by Somali pirates
Karzai pledges consultation ahead of new offensive
Australia warns stranded Chinese ship could break up
US-ENTERTAINMENT Summary
US-ENTERTAINMENT Summary
"Clash of the Titans" leads box office
W.Cup anthem singer stirs few in native Somalia
Clash of the Titans leads worldwide box office |
Over 100 pulled alive in China mine miracle |
Protesters force way into Thai Election Commission |
Suicide bomber kills two policemen in Russia |
Obama Attends Easter Service In Ward 8, Poorest Of DC Neighborhoods
North Korea threatens to abandon U.S. MIA remains |
Heroic Father Rescues Daughter From NY River
U.S. Navy Calls Off Sea Seach; Declares Pilot Dead
Strong quake shakes cities around U.S.-Mexico border |
Man Allegedly Stabs Wife 70 Times
Pakistan's Army accused of extra-judicial killings |
Nearly half of Japan's voters don't support any party |
War still raging for South Korean POWs in North |
Cuba says no giving in to dissident blackmail |
South Korea sends destroyer after pirates seize tanker |
Killer Mexico quake rattles southwestern US
Suicide bomber kills two in Russian Caucasus
Major quake in Mexico rocks southwestern US
Angelie Jolie, Brad Pitt in surprise visit to Sarajevo
Can the CIA sabotage Iran's nuclear project?
Major quake in Mexico rocks southwestern US
Haitians celebrate Easter in camps and cathedral ruins
Defiant Thai protesters fan out in nervous capital
Teens Find Man's Body During Iowa Easter Egg Hunt
Mekong nations join forces on shrinking river
FACTBOX-Key bills before South Korea's parliament
Martin couple each cast in TV pilots
S.Korea bonds steady, helped by low rates outlook
Chieftains' new album explores Irish-Mexican ties
Seoul shares slip on shipyards; techs advance
Ersatz skin, Sichuan pepper: the "greening" of cosmetics
Ban says Uzbekistan must observe human rights
Rescuers prepare for search in flooded China mine
Soderbergh shoots 'secret' film in Sydney
N.Korea threatens to stop preserving remains of US soldiers
Stranded Chinese ship threatens Great Barrier Reef
Australia rushes to contain Barrier Reef oil spill
Over 100 pulled alive in China mine "miracle"
100-plus trapped miners freed in China 'miracle'
Two killed in Ingushetia suicide bombing
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01