US needs faster job growth, making progress: White House

WASHINGTON Fri May 4, 2012 1:18pm EDT

Students enter the 2012 Big Apple Job and Internship Fair at the Javits Center in New York, April 27, 2012. REUTERS/Andrew Burton

Students enter the 2012 Big Apple Job and Internship Fair at the Javits Center in New York, April 27, 2012.

Credit: Reuters/Andrew Burton

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WASHINGTON (Reuters) - The U.S. economy needs faster employment growth to fill a huge jobs deficit, but was making progress despite a weaker payrolls figure in April, a senior White House economic advisor said on Friday.

"We see a picture of the economy healing," Alan Krueger, chairman of the White House Council of Economic Advisers, told CNBC.

"Given the problems that the economy has had over the past decade, we need faster growth; we have a very large jobs deficit, we are making progress. We need to do the things to continue to build on that progress."

Employers added 115,000 new jobs to payrolls in April after hiring 154,000 workers in March. While the unemployment rate fell to 8.1 percent, it was largely the result of people giving up the search for work and leaving the workforce.

(Reporting by Lucia Mutikani; Editing by James Dalgleish)

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Comments (3)
bck555 wrote:
“Progress” is going from 154,000 jobs added in March to 115,000 in April? Is this what “Forward” is all about?

May 04, 2012 12:01pm EDT  --  Report as abuse
Progress is what comes when people stop working for corporations, and return to family operated businesses not plagued by a government which calls them comodities – people don’t want to work for the gov – they want to work for themselves!!!

May 04, 2012 1:15pm EDT  --  Report as abuse
brotherkenny4 wrote:
bck555 technically yes. The words are jobs added, not jobs lost as under GW. You can say fewer jobs added, but you can’t say jobs lost as under GW. I am going to repeat this again, because it is clear that you don’t understand what jobs added means, it means jobs added, not jobs lost as under GW. So, jobs added means there were jobs added, which means that there were not jobs lost, but jobs added. I hope this explains it.

May 04, 2012 1:33pm EDT  --  Report as abuse
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