• Most Popular
  • Most Shared

White House reviewing "sensible" options to spur jobs

WASHINGTON
Mon Nov 23, 2009 2:22pm EST

WASHINGTON (Reuters) - The White House said on Monday it was reviewing options to spur economic activity and job creation, but stressed any action would be taken in the context of the fiscal challenges facing the country.

Barack Obama

"We're going to work with members of Congress to try to come up with sensible and reasonable measures that might spur economic growth. I know those conversations continue," White House press spokesman Robert Gibbs told a daily news briefing.

"Before we can create jobs we have to have economic growth that is on the positive side of the ledger," Gibbs said, noting that the economy only began growing again in the third quarter, after suffering the worst recession in 70 years.

President Barack Obama's public approval rating has been hurt by soaring U.S. unemployment which, at 10.2 percent, now stands at a generation-high and could yet get worse.

Obama will host a jobs forum on December 3 to brainstorm what else can be done to boost employment, but said last week that he was wary of adding to the country's record deficit from fear this may trigger a double-dip recession.

(Reporting by Alister Bull; Editing by Vicki Allen)



More from Reuters

Photo

Honda expands airbag recall as more Toyotas probed

TOKYO/DETROIT (Reuters) - Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis. | Video

A worker walks on steel frames at a construction site in central Beijing January 27, 2010. REUTERS/Loic Hofstedt
Analysis:

China's boom may lead to bust

The housing market is becoming the investment of choice for the Chinese, which is making policymakers very nervous.  Full Article