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White House: Shutdown Hurt Economy

 

Getty Images – Jason Furman (R), Chairman of the White House Council of Economic Advisors

The White House claims the recent, partial shutdown of the federal government hurt the economy.

Chief White House economic adviser Jason Furman said the shutdown will subtract from any job growth this month, with roughly 120-thousand fewer jobs in the first two weeks of the month.

Furman referred to the shutdown as a “self-inflicted wound.”

Meantime, Furman said the latest jobs report underscores a steady, three-year trend of job creation.  The economy added 148-thousand new jobs in September and the unemployment rate dipped to seven-point-two-percent.

The shutdown delayed release of the monthly jobs report.  (Metro Networks Inc.)

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