President Barack Obama says he expects the unemployment rate to go down because of the new compromise on averting tax increases, although he isn't predicting how much it will improve.
Obama said he believes the current 9.8 percent jobless rate will recede because the economy is growing, even if businesses haven't yet picked up the pace of hiring enough to send large numbers of people back to work.
Answering questions about high joblessness at a White House news conference, the president said "I'm not going to make a prediction." At the same time, he said providing a measure of greater certainty about taxes already is having a positive effect.
He said one of the benefits of the tax deal he struck with congressional Republicans is that the legislation will further extend unemployment benefits to the long-term jobless.
Building a Pocket Blowout Kit - Bearing Arms - Blowout Kit, Emergency Medical Preparedness, IFAK
You won't believe what Pres. Obama just said in Paris on 'mass shootings'
New release of Hillary e-mails: 7800 pages, 328 classified — 999 total
A Resurgence of Intolerance
How a Local Crime Story about Workplace Violence Becomes National News | RedState
Peter Morici - 2015 Paris Climate Conference: Another Bad Deal for America
Importing Terrorism and Other American Values | Human Events