Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before It Comes Down
Unemployment Could Rise ‘Temporarily’ As More People Enter Labor Force
By KATE McCARTHY and RICH McHUGH
Treasury Secretary Timothy Geithner acknowledged that it is still a “tough economy” for most Americans, and warned it's 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 America’s” George Stephanopoulos in an exclusive interview.
Read more @ ABC News.
