Labor Sec'y Solis Concedes Job Situation Not Good

By: Associated Press
By: Associated Press

Washington (AP) -- Labor Secretary Hilda Solis says the Obama Administration recognizes that too many people are out of work, saying government officials are working hard to ease unemployment.

Appearing on NBC's "Today" Show Monday as she prepared to join President Barack Obama at a Labor Day picnic in Ohio, Solis said she sees "stabilization occurring" in the economy.

She noted that job losses have tapered off in recent months, while also acknowledging that the national unemployment rate likely will hit double-digit levels later this year.

The jobless rate in August was 9.7 percent.

Hollis said the economy is "not somewhere where we need it to be right now."

(Copyright 2009 by the Associated Press. All rights reserved.)

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