White House still warns of 10 percent jobless rate
Obama said: "We have a lot further to go. As far as I'm concerned, we will not have a true recovery until we stop losing jobs." He also said he won't rest until "every American that is looking for a job can find one."
What Obama is saying is that
the economy is still getting worse
and will continue to get worse for
most of next year. While some signs
are pointing to some improvement
in some areas the over all economy
has still not turned around.
"None of us loses sight of the fact that last month a quarter million people lost their jobs," Gibbs said. "The long-term unemployment rate is increasing."I think it's going to be quite some time before we start seeing genuine, sustained, positive job growth," the spokesman said.
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Redwater, Alberta, Canada