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On Thursday, Treasury Secretary Timothy Geithner said on NBC that administration officials were "very worried" about recovering the jobs lost in the recession. But he noted that business growth has been improving and he expected the economy to start creating jobs again. More than 11 million people now are drawing unemployment insurance benefits, and the overall jobless rate of 9.7 percent understates the true level of economic misery because many people who have given up looking for work are no longer in the official count of the unemployed. A report Thursday said initial claims for unemployment benefits fell slightly last week as the recovering economy moves closer to generating more jobs. The Labor Department said new jobless benefit claims dropped 6,000 to a seasonally adjusted 439,000, nearly matching analysts' estimates. It was the fourth drop in five weeks.
[Associated
Press;
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