U.S. President Barack Obama said on Monday that the economy had recovered a lot of ground since January but more jobs would be lost before a full recovery is in place.

Speaking at a White House meeting of his Economic Recovery Advisory Board, Obama said the current pace of job losses was distressing and would not improve quickly.

We anticipate that we are going to continue to see some job losses in the weeks and months to come, Obama said.

(Reporting by Glenn Somerville and Alister Bull, Editing by Chizu Nomiyama)

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