Goolsbee leaving White House
June 6th, 2011
08:16 PM ET

Goolsbee leaving White House

The White House is losing one of its most public faces when it comes to issues related to the economy. Dr. Austan Goolsbee, Chairman of the President’s Council of Economic Advisers, announced he is returning to teaching at the University of Chicago later this summer.

Goolsbee has served as President Obama's economic advisor since the presidential campaign and has become the White House's point man to explain the administration's interpretation of economic reports to the American public.

In a statement, Goolsbee praised Obama's handling of the economy:

“Working each day on behalf of the American people has been a rare privilege, particularly at such a historic time. While I am looking forward to returning home to Chicago, I will always be proud of the years I have spent working for this President. I believe that his judgment, his courage in confronting the worst economic crisis of our lifetimes, and his commitment to the American people have made a tremendous difference for the nation.”

Full statement after the jump:

Topics: Austan Goolsbee
Goolsbee puts best foot forward on jobs numbers
June 3rd, 2011
10:00 AM ET

Goolsbee puts best foot forward on jobs numbers

White House Economic Advisor Austan Goolsbee is putting his best foot forward when it comes to the underwhelming jobs report, saying that "the overall trajectory of the economy has improved dramatically over the past two years."

Still, in a blog post on The White House website, Goolsbee writes that the 9.1 percent unemployment figure is "unacceptably high."

While the private sector has added more than 2.1 million jobs over the past 15 months, the unemployment rate is unacceptably high and faster growth is needed to replace the jobs lost in the downturn. The initiatives put in place by this Administration – such as the payroll tax cut and business incentives for investment – have contributed to solid employment growth overall this year, but this report is a reminder of the challenges that remain.

Full statement: