Obama nominates Alan Krueger as his new chief economist

Alan Krueger and President Obama
Image caption Alan Krueger is set to be President Obama's third chief economist in as many years

US President Barack Obama has nominated Alan Krueger, a Princeton University expert on unemployment, as his new chief economist.

The decision comes as the president prepares to unveil a new jobs package in a speech planned for shortly after the Labor Day holiday on 5 September.

High unemployment remains one of the main concerns about the US economy, with the rate standing at 9.1%.

Mr Krueger was previously a Treasury Department economist from 2009-2010.

If confirmed by the Senate, he will become the Obama administration's third chairman of the Council of Economic Advisers in as many years.

Christina Romer served in the post from 2009-2010 and was followed by Austan Goolsbee. Both resigned after a year in the job to return to academia.

President Obama said: "As one of this country's leading economists, Alan has been a key voice on a vast array of economic issues for more than two decades.

"Alan understands the difficult challenges our country faces, and I have confidence that he will help us meet those challenges as one of the leaders on my economic team."

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