Obama’s economic adviser predicts turnaround on job front by spring

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Larry Summers, the president’s chief economic adviser, says the shedding of jobs in an economy emerging from recession should end by spring.

‘It will take time,’’ Summers said in an appearance on CNN’s ‘State of the Union With John King’ today. ‘A year ago, the question was would we have a depression?

‘Today, everyone agrees that the recession is over,’’ Summers said. ‘And the questions are around how fast we’ll recover. Experience is that ... it takes significant time.’

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-- Mark Silva