Economists See Growth with Unemployment Report

Friday, January 07, 2011

The Labor Department is expected to release December unemployment numbers this morning. And there are rumors the president may also announce a new chief economic adviser to replace Lawrence Summers. Unemployment is likely to remain hovering around 10 percent, but the report is expected to show positive growth from a moth ago when unemployment rose to 9.8 percent from 9.6 percent. And last week, the new claims for jobless benefits increased, while the average number of Americans filing for unemployment insurance declined — a sign of a recovering economy.

We talk with Harry Holzer, professor of public policy at Georgetown and a former Chief Economist at the U.S. Department of Labor. He is also the author of the new book Where Are All the Good Jobs Going? His book is out this month from the Russell Sage Foundation.


Harry Holzer

Produced by:

Arwa Gunja

Comments [1]


Sorry to interrupt all the breathless, hope-against-hopey cheerleading about the unemployment drop but last month was December. The holiday season usually has a spike of short term hiring, does it not?
Expect unemployment to go back to 9.6 next month. The same thing happened with the Census hiring earlier this year.
Stop the spending and heavy regulation and hiring will improve but that runs contrary to the Obama agenda. That is the vexing problem for unemployed Obama supporters.

Jan. 07 2011 08:49 AM

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