U.S. Job Situation Deemed "Terrible"

January 11. 2010

Christina Romer

U.S. President Barack Obama's Council of Economic Advisers chief, Christina Romer, described the job situation in America as, "Terrible." She stated, "In the first quarter of 2009, when we first came in, we were losing on average 691,000 jobs per month. With these new numbers in the fourth quarter, we were losing 69,000 jobs. It's still terrible. We're still losing jobs, and we absolutely have to go from losing any jobs at all to adding them at a robust rate."