VOL. 128 | NO. 131 | Monday, July 8, 2013
White House Calls Jobs Report a Sign of Recovery
WASHINGTON (AP) – The White House says the June jobs report is good news that further confirms the economic recovery.
The new report says that despite monthly volatility, the pace of job creation is growing.
The government reported Friday that employers added 195,000 jobs last month. The unemployment rate remained at 7.6 percent because more people started looking for work.
Alan Krueger is chairman of President Barack Obama's Council of Economic Advisers. Krueger is repeating a White House plea not to, quote, "impose self-inflicted wounds on the economy."
The White House is battling Congress over how much to cut the federal budget, with Obama arguing that immediate spending cuts are hurting the recovery.
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