U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012.  REUTERS/Shamil Zhumatov  (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012.  REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

Fleet Week

The U.S. Navy takes Manhattan for a week.  Slideshow 

Photo

The SpaceX mission

A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station.  Slideshow 

White House: No need for 2nd economic stimulus yet

WASHINGTON | Fri Sep 5, 2008 11:44am EDT

WASHINGTON (Reuters) - The White House said on Friday the U.S. economic stimulus package passed earlier this year was still having an impact and it was not yet necessary to consider a second one, despite a sharp jump in unemployment in August.

"The economic stimulus plan that we put in place is having the strong impact that we wanted it to have," said White House spokeswoman Dana Perino. "One of the keys of that stimulus package was that it be stimulative. And we don't think that we need to consider a second stimulus right now."

The U.S. unemployment rate unexpectedly shot up to 6.1 percent in August, an almost five-year high, as employers cut payrolls for an eighth straight month and labor markets showed signs of accelerating decline. The Labor Department said 84,000 jobs were lost in August.

"There's no question that the labor market is not as strong as we'd like and these were disappointing numbers. We want to see the economy return to job growth and we understand that this is a difficult time for many Americans," Perino said.

She said despite the poor unemployment numbers, other data shows signs of economic recovery, including a strong 3.3 percent economic growth rate in the second quarter, good productivity figures and rising exports.

(Editing by Leslie Adler)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.