Obama Optimistic Over Future Of U.S. Employment, Despite Disappointing New Data

Friday, January 8, 2010 at 3:47PM
Staff in Frontpage 2, obama, unemployment

President Barack Obama responded optimistically Friday to newly released data showing a drop in jobs between November and December.

“The job losses for the last quarter of 2009 were one-tenth of what we were experiencing in the first quarter,” Obama said. “The overall trend of job loss is still pointing in the right direction.”

Friday’s data, compiled by the Department of Labor, shows that the nation’s unemployment rate remained at 10% in December, with a 85,000 jobs lost since the prior month.

Article originally appeared on Talk Radio News Service: News, Politics, Media (http://www.talkradionews.com/).