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Treasury Secretary Timothy Geithner acknowledged that it is still a
tough economy for most Americans, and warned its possi...
Treasury Secretary Timothy Geithner acknowledged that it is still a
tough economy for most Americans, and warned its possible the
unemployment rate will go up for a couple of months before it comes
down as more people enter the labor force.
When they see a
little hope that there may be jobs out there, they start to come
back in again. And that can cause the measured unemployment rate to
go up — temporarily, Geithner told Good Morning Americas George
Stephanopoulos in an exclusive interview. But what we expect to see,
and I think most forecasters expect this…is an economy thats
gradually healing, gradually strengthening, businesses starting to
add people back.