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U.S. Treasury Secretary Timothy Geithner says his country's unemployment rate may rise further before falling back.
Geithner says people are starting to come back into the labor force, and that can cause the measured unemployment rate to go up temporarily. The U.S. jobless rate fell point-two percentage points to 9.5 percent in June. And despite the potential rise in the unemployment rate, Geithner also made it clear the economy is improving, just not at the pace that he and President Obama would prefer.
The most recent financial report shows the U.S. GDP rose 2.4 percent, a slower pace than earlier in 2010, but is still positive growth, which is the Obama administration wants.
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