White House Touts Latest Jobs Report

President Obama’s top economic advisor said Friday that he is encouraged by last month’s unemployment report, which showed that the economy added a net total of 244,000 jobs.

“We are seeing signs that the initiatives put in place by this Administration – such as the payroll tax cut and business incentives for investment – are creating the conditions for companies to add new jobs and foster the industries of the future,” said Council of Economic Advisers Chairman Austan Goolsbee.

However, Goolsbee, like most, warned that because the jobless rate is still 9%, more must be done to boost the pace of recovery.

“While the solid pace of employment growth in recent months is encouraging, faster growth is needed to replace the jobs lost in the downturn….We will continue to work with Congress to find ways to reduce spending, so that we can live within our means without neglecting the investments in education, infrastructure, and clean energy that will strengthen our economy.”

Click here to read Goolsbee’s full statement…