WH Economic Advisor: US Not in 'Jobless Recovery'

Wednesday, 11 May 2011 10:20 AM

 

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CHICAGO- The United States is not in a jobless recovery, and the private sector is creating jobs in a broad-based way that augurs well for a sustained recovery, White House economic advisor Austan Goolsbee said on Wednesday.

While drags on the economy continue, including higher fuel prices, a housing sector "in the dumps" and state and local government spending cuts, positive signs on the U.S. economy are beginning to outweigh negative ones, Goolsbee said in a speech in Chicago.

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