Treasury Secretary Warns of Prolonged Joblessness

Timothy Geithner

U.S. treasury secretary Timothy Geithner said he expects the economy to heal gradually and “we want to do what we can to reinforce that process because it’s not coming back as quickly as we like.” Geithner said U.S. unemployment may rise again before it falls and the economy isn’t recovering rapidly enough. “It’s possible you’re going to have a couple months where it goes up,” he said on ABC’s “Good Morning America” program. “People start to come back into the labor force, and that can cause the measured unemployment rate to go up temporarily.” Read more here:

Treasury Secretary Warns of Prolonged Joblessness