President Obama said today that unemployment will keep rising for several months but that his administration will redouble efforts to help those looking for work.
"My expectation is that we will probably continue to see unemployment tick up for several months," he said in an exchange with reporters at the White House.
Obama plans to unveil a $12 billion initiative to fund challenge grants and other programs designed to help community colleges expand their offerings and increase their capacity to train students for the new kinds of jobs that are more prevalent in a more technologically driven economy.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
