Jobs gain not enough, need Obama jobs plan: aide

WASHINGTON Fri Oct 7, 2011 11:21am EDT

White House senior economic adviser Gene Sperling speaks at the 2011 Fiscal Summit on Solutions for America's future in Washington May 25, 2011. REUTERS/Jason Reed

White House senior economic adviser Gene Sperling speaks at the 2011 Fiscal Summit on Solutions for America's future in Washington May 25, 2011.

Credit: Reuters/Jason Reed

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WASHINGTON (Reuters) - A top White House aide said on Friday better-than-expected payrolls growth last month does not remove the need for the president's jobs package to prevent the economy from running out of gas.

"It's always a comfort when job growth is greater than projected, but ... it's not nearly good enough," National Economic Council director Gene Sperling told CNBC after the release of a U.S. payrolls report that showed a 103,000 jobs gain in September.

President Barack Obama's $447 billion jobs package would provide insurance against a possible stalling of the economy or even recession, and would pull down a 9.1 percent unemployment rate, he said.

(Reporting by Mark Felsenthal; Editing by James Dalgleish)

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Comments (2)
RJ5470 wrote:
Funny how the more government gets involved in business the worse the economy gets. Even funnier how government thinks they know best, but they can’t even run the post office.

Oct 07, 2011 12:09pm EDT  --  Report as abuse
djaymick wrote:
He is probably one of the “independent economists” that Obama touted yesterday. Probably one who agreed that if we spend $1T in 2009 that our unemployment rate wouldn’t exceed 8%. One of the economists who come out every month to give us the “unexpected” downgrades in hiring.
His economist are worthless, but Obama and the media keep relying on them to make this President look good.

Oct 07, 2011 1:01pm EDT  --  Report as abuse
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