Although Americans on the unemployment line might not agree, Secretary of the Treasury Timothy Geithner thinks job growth in the private sector is “pretty good.”
In an interview on ABC News’ This Week, Geithner told host Jake Tapper that coming out of such a deep economic hole, private sector job growth over the last half year was better than satisfactory.
“Right now, the best thing the government can do…is help create the conditions for the private sector to start to invest in hiring again,” he said. “Now, we’ve seen six months of positive job growth by the private sector. That’s pretty good,” Geithner said. “Pretty good this early in a recession.
Tapper pointed out that employment had actually declined overall.
The Bureau of Labor Statistics (BLS) said that payroll employment declined by 125,000 jobs last month. The decline, the BLS concluded, was due, in part to temporary Census workers getting laid off.
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