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White House adviser says employment stable

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Job seekers wait in a line for a turn to speak with a recruiter at a job fair in San Francisco, September 15, 2009. REUTERS/Robert Galbraith

Job seekers wait in a line for a turn to speak with a recruiter at a job fair in San Francisco, September 15, 2009.

Credit: Reuters/Robert Galbraith

WASHINGTON | Wed Feb 17, 2010 10:39am EST

WASHINGTON (Reuters) - White House economic adviser Christina Romer said on Wednesday that the employment picture was stable, with job growth expected by spring.

Speaking on ABC's Good Morning America, Romer also said she believes there is bipartisan support in Congress to preserve jobs by providing new assistance to state governments struggling with yawning budget deficits.

President Barack Obama has made job creation his top priority in 2010 in a bid to address public anxiety about high unemployment and prospects for a slow economic recovery.

"Right now the employment numbers look basically stable," Romer said days after the jobless rate for January fell to a five-month low of 9.7 percent, just below the psychologically important 10 percent mark.

"We think we're going to see positive job growth by spring," she told ABC.

Democrats in Congress, led by Senate Majority Leader Harry Reid, have unveiled a jobs bill that relies on tax cuts to drive employment growth.

The approach has been criticized in some quarters as being too small to aid job growth and lacking in assistance for state governments that are trimming payrolls to cope with fiscal problems.

But Romer appeared optimistic about the prospects for federal aid to states.

"Senator Reid has made it very clear that the package he's talking about is one step," she said.

"And we anticipate as we go through, I think there is a bipartisan realization of just how much states are still suffering and how state fiscal relief could help to keep teachers and all of those people that are working in our state governments employed."

(Reporting by David Morgan; Editing by Paul Simao.)

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Comments (15)
wineo339 wrote:
The country is in s sever economic terror, ideologically divided, polarized and on a fast track destruction from within and these SOB White House advisers and the US Congress just dishing out the usual grabage and living high on the hog.

The employment rate is close to 13% and this SOB considers it as stable. Perhaps Obama need to get rid of these nits wits.

Feb 17, 2010 7:47am EST  --  Report as abuse
druckerman wrote:
To say that the unemployment rate is stable is a crime, it gives the wrong impression. It would be more appropriate to say the the job loss rate is stable.

Feb 17, 2010 8:09am EST  --  Report as abuse
Plutocracy wrote:
If you consider that fact that many people are taking any kind of job they can get their hands on, yeah, the jobless rate is probably stabalizing. The fact is, however, that most of us attempt to live within our means. Our “means” have been drastically reduced. Where are the jobs that paid us a livable wage? As far as I can see, those jobs are still GONE!!!

Feb 17, 2010 8:45am EST  --  Report as abuse
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