White House's Romer: US jobless rate could still rise

[The Northerner]

Source: Reuters

WASHINGTON, Dec 13 (Reuters) - White House senior economist Christina Romer said on Sunday that the U.S. jobless rate could go up before it goes down.

"It could well," Romer, the chair of the President's Council of Economic Advisers, told NBC television network's "Meet the Press" when asked about the jobless forecast. "These things certainly do bounce around. I would anticipate some bumps in the road as we go ahead," she said.

The U.S. jobless rate is currently 10 percent. She added that most private forecasters "are talking about positive job growth some time in the first quarter" of 2010. (Reporting by Susan Cornell, editing by Jackie Frank)

Read more: http://www.reuters.com/article/idUSN1316132020091213

[truthisfreedom]

1. alt-a, arm, cre...

it's happening all over again.

[winyanstaz]

2. yes the jobless rate will rise and there is not going to be a recovery yet......

You CANNOT have a recovery with no jobs...duh.

[acsmith]

3. unless you are bill clinton

the most famous jobless recovery there has been.