Obama: 30 months of excusing bad jobs numbers
Friday, July 6, 2012 - 12:59pm
The Obama White House says Americans should not “read too much into” the latest bad news from the jobs front. Employers added just 80,000 new jobs in June — far fewer than needed for a healthy recovery — and the unemployment rate stayed at 8.2 percent.
Not long after the new figures were released, the White House sent out a statement from Alan Krueger, chairman of the Council of Economic Advisers. Facing a bleak situation yet again, Krueger said, “It is important not to read too much into any one monthly report.”
