Obama economic adviser predicts 2nd quarter contraction, increases in unemployment

WASHINGTON — Unemployment will increase in the next several months, but the pace of the nation’s economic slide will moderate and level out in the second half of the year, a top Obama economic adviser told Congress Thursday.

Obama economic adviser predicts second quarter contraction, increases in unemployment

WASHINGTON — A top Obama adviser is predicting another economic contraction in the second quarter of the year and continued increases in unemployment for the next several months.