1 Min Read
WASHINGTON, June 3 (Reuters) - Private industry must create more jobs now that the government has stopped the job losses that were occurring when the Obama administration took office, White House economist Austan Goolsbee said on Friday.
"What we want for growth is that it be centered in the private sector," he said in an interview on Reuters Insider television. "The government sector stepped in (with) a rescue when the President took office (and) we were losing more than 750,000 jobs a month and we have clearly turned around from that ethically awful situation."
He said Friday's report showing only 54,000 jobs created in May represented one of the "rough patches" that were inevitable but said the focus was unchanged, "We've got to do what we can to get the private sector leading the recovery." (Reporting by Glenn Somerville; Editing by James Dalgleish)