Austan Goolsbee, Chair of the White House Council of Economic Advisers, returns in the second episode of the White House White Board. This episode focuses on private sector job gains and losses from September 2007 through September 2010. Private sector job losses peaked right before President Obama took office and then immediately started to slow down once the Obama administration was in the White House.
Goolsbee’s graph clearly shows that as Recovery Act funds began to make their way to businesses, organizations and government entities around the country, job losses continued to slow and even turn into private sector job growth. Although we’ve experienced nine continuous months of private sector job growth, the Obama administration knows that Americans need to see more growth each month and continues to work to bring the unemployment rate down.
Following the publication of the newest episode of the White House White Board, Goolsbee participated in a live Tuesday Talks session on the economy to discuss the unemployment issue in more detail.
Photo: Center for American Progress Action Fund/Flickr