Wednesday, October 30, 2013

White House sees “deterioration” in Oct. labor market signs

Forget September's jobs report; Jason Furman, chairman of President Barack Obama's Council of Economic Advisers, is already worried about October.

In an interview Tuesday on CNBC's "Squawk on the Street," Furman cited "solid progress" in the U.S. job market but admitted economic growth could be stronger.

"We would like to see private-sector job growth strengthening at a time like this," Furman said. "There's no question that things like the sequester, brinkmanship, all of that are getting in the way of this happening."
In September, 148,000 jobs were added to the U.S. economy, missing expectations of 180,000. The unemployment rate fell 1 percentage point to 7.2 percent, its lowest rate since November 2008.

READ MORE:  http://www.cnbc.com/id/101132900

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