Goolsbee Calls Jobs Report ‘Little Bump’ on Recovery Path

Austan Goolsbee, President Barack Obama’s chief economist, said today’s jobs report represents a “little bump” in the road to recovery and that the broader trends are “substantially more positive” than when Obama took office.

“We should never read too much into any one month’s report,” Goolsbee, chairman of the Council of Economic Advisers, said in an interview on Bloomberg Television. “No doubt we face some headwinds and hit a little bump in the road.”