White House: 'Very concerned' over job losses - WKOW 27: Madison, WI Breaking News, Weather and Sports

White House: 'Very concerned' over job losses

WASHINGTON (AP) -- The White House says it is "very concerned" about big job losses.

  After news Friday that the nation's unemployment rate jumped up, President Bush scheduled a statement about the alarming state of the economy.

  He was to speak to reporters on the South Lawn of the White House.

  His spokeswoman acknowledged significant job losses in the economy, blaming them on housing and credit problems.

  White House press secretary Dana Perino pledged aggressive efforts to help.

  She said that policymakers need to focus on the causes of the economic downturn to reverse the trend in job creation.

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