You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Top White House Economic Adviser Resigns amid Soaring Unemployment Rates

HeadlineJun 07, 2011

President Obama’s top economic adviser, Austan Goolsbee, has decided to resign less than a year after he became chair of the Council of Economic Advisers. The announcement comes just days after the government revealed the nation’s official unemployment rate has jumped back up to 9.1 percent. The nation is facing its worst unemployment slump since the 1930s. CBS News reports about 6.2 million Americans—45 percent of all unemployed workers in the country—have been jobless for more than six months, a higher percentage than during the Great Depression.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top