Geithner: US Jobless Rate Will Stay 'Unacceptably' High |
Voice of America - Apr 1, 2010 |
U.S. Treasury Secretary Timothy Geithner says the nation's jobless rate will be "unacceptably high" for a long time.
Thursday, Geithner told television interviewers on NBC that businesses are going to start creating jobs again, but also said it will take a long time to reverse the damage done by the recession.
The U.S. economy shed more than eight million jobs during the recession. The unemployment rate is currently a relatively high 9.7 percent.
The government is scheduled to publish an updated unemployment report Friday. Economists interviewed by news organizations say the data will show a net gain in jobs for only the second time since the recession began.
Read Full Article from Voice of America
- Posted: 2010-04-01 10:41:34
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