WASHINGTON Dec 7 The White House's chief
economist said on Friday that a drop in the November U.S.
jobless rate to 7.7 percent was proof that the economy is
healing from recession but that much work remains to be done.
The Labor Department reported that the jobless rate dipped
from 7.9 percent with 146,000 jobs created. Many analysts had
forecast an uptick in the jobless rate as a result of superstorm
"While more work remains to be done, today's employment
report provides further evidence that the U.S. economy is
continuing to heal from the wounds inflicted by the worst
downturn since the Great Depression," said Alan Krueger,
chairman of the White House Council of Economic Advisers.
In a statement, Krueger argued the Labor report showed the
need for Congress to approve President Barack Obama's proposal
to extend Bush-era tax cuts for those making less than $250,000
a year and raise them on the wealthy.