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Interview With White House Budget Director Peter Orszag

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CNN Transcripts – “ORSZAG: Well, I think what happened is the free-fall in the economy seems to have stopped and we’re, I guess the analogy there are some glimmers of sun shining through the trees, but we’re not out of the woods yet. We do have more work ahead.”

  • Department of Labor Unemployment Insurance Weekly Claims Report, May 14, 2009: “In the week ending May 9, the advance figure for seasonally adjusted initial claims was 637,000, an increase of 32,000 from the previous week’s revised figure of 605,000. The 4-week moving average was 630,500, an increase of 6,000 from the previous week’s revised average of 624,500…The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.011 million.”
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