U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today.
The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,” Treasury Secretary Timothy F. Geithner, White House budget director Peter Orszag and Christina Romer, chairman of the Council of Economic Advisers, said in a joint statement. The officials said unemployment may even rise “slightly” over the next few months as discouraged workers start job-hunting again.
This morning, interim good news. Judson Berger and Marla Chichowski of Fox News checked into the story of Natoma, who is undergoing treatment at the famous Cleveland Clinic. A spokeswoman there said the woman was virtually certain to qualify for aid and, anyway, the clinic has no intention of placing any liens on her home for the expensive care she is now receiving free.