By year’s end, employers will have created an average of 95,000 jobs a month as the monthly report is poised to turn positive, the Economic Report of the President prepared by the Council of Economic Advisers forecast yesterday.

On the cable network CNBC, council chairwoman Christina Romer said the new set of assumptions were on the conservative side of consensus estimates, held down by the outlook for gross domestic product growth barely above the potential of the economy and so unable to fuel robust employment growth.

The document as a whole was framed as an updated argument for the stimulus jobs package that President Obama is attempting to get bipartisan approval for on Capitol Hill.

— Market News International

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