Obama adviser Summers says US in 'human recession'
President Barack Obama's top economic adviser says the US is experiencing an economic recovery on paper but a "human recession" because of job losses.
Lawrence Summers, director of the White House National Economic Council, told a panel at the World Economic Forum in Davos on Saturday that the latest figures showing strong US economic growth suggest Obama's policies to prevent economic collapse are working. But the level of unemployment in the US is disturbing, with one in five men between the ages of 25-54 not working. (AP)
