White House: Job Numbers Show “Very Real Suffering”


The head of Obama’s Council of Economic Advisers says the figures “reinforce the need for bold fiscal action.”

“If we fail to act, we are likely to lose millions more jobs and the unemployment rate could reach double digits.” Read full statement.

Nearly 600,000 jobs were cut in January, raising the unemployment rate to 7.6%.

Related Topics: News, The Page

Post a Comment

You must be logged in to post a comment.

  • Tweets

    View More Tweets From @TIME


Get every new post delivered to your Inbox.

Join 297 other followers