President Barack Obama's top economic aide Christina Romer said Sunday the US jobless rate could rise further and that the improving US economy is not yet out of recession. Asked if the 10 percent unemployment rate could go higher, Romer, who heads up the White House Council of Economic Advisers, told NBC: "It could well."
"These things certainly do bounce around. I would anticipate some bumps in the road as we go ahead," she told the network's "Meet the Press" program, noting that jobs were a key element of the economic recovery. (more)