(CNN) - More than a week after the Labor Department announced the nation's unemployment rate had reached a 26-year high, President Obama warned Tuesday he expects the figure will continue to increase for "several months."
"How employment numbers are going to respond is not year clear," Obama told reporters before departing to Michigan for a speech on the state of the economy. "My expectation is that we will probably continue to see unemployment tick up for several months."
"We had a problem even before this recession, even during periods of economic growth, where the pace of job growth, wage growth, income growth was not moving as quickly as overall economic growth," said the president. "The last recession that we had, the recovery was termed a 'jobless recovery.' We can't repeat that approach."
The latest jobs report, released earlier this month, indicated 467,000 jobs were lost in the month from June, up from the 322,000 eliminated in May. Unemployment rose from 9.4 to 9.5 percent.