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Goolsbee Says We Got a Long Way to Go on More Jobs

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 11:27 AM
Original message
Source: Bloomberg

Dec. 3 (Bloomberg) -- Austan Goolsbee, chairman of the U.S. Council of Economic Advisers, said today that we got a long way to go on adding jobs and that the numbers released today are below where we needed to be.

Goolsbee, speaking in an interview on Bloomberg Television from Washington, said it is necessary to extend tax cuts for the middle class while high-end tax cuts give the lowest bang for the buck. He said there isnt an unemployment problem among billionaires.

President Barack Obama is scheduled to speak on the jobs report at 11:15 a.m.

The Labor Department reported earlier today that the economy added 39,000 jobs in November, far fewer than the most pessimistic forecast. The nations unemployment rate unexpectedly climbed to 9.8 percent last month from 9.6 percent in October.

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Fearless Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 12:04 PM
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1. "far fewer than the most pessimistic forecast"
So let's go gallivanting in Afghanistan to get the media away from this story.
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