President Obama calls latest jobs report encouraging news but not good enough - pics

[Kadie]

President Barack Obama calls the latest jobs report "encouraging news," as he reacts to the latest government unemployment data in a statement, in the Roosevelt Room of the White House in Washington, Friday, Nov. 5, 2010.


US President Barack Obama speaks on the monthly jobs numbers in the Roosevelt Room of the White House in Washington, DC, November 5, 2010.


President Barack Obama calls the latest jobs report "encouraging news," as he reacts to the latest government unemployment data in a statement, in the Roosevelt Room of the White House in Washington, Friday, Nov. 5, 2010.


US President Barack Obama speaks on the monthly jobs numbers in the Roosevelt Room of the White House in Washington, DC, November 5, 2010.


U.S. President Barack Obama makes remarks about the monthly jobs numbers from the Roosevelt Room of the White House in Washington November 5, 2010. U.S. employment increased more than expected last month as private companies hired workers at the fastest pace since April, offering more signs of an up-tick in a sluggish economy.


Obama Says Jobs Report Is Encouraging for Recovery
November 05, 2010, 11:34 AM EDT

By Roger Runningen and Kate Andersen Brower
Nov. 5 (Bloomberg) -- President Barack Obama said today’s employment report is a sign that the economy is recovering from the “terrible damage” caused by the worst recession since the Great Depression.

Still, recent increases in private sector employment are “not good enough,” Obama said at the White House. “The unemployment rate is still unacceptably high.”

Obama spoke before leaving for a 10-day trip through Asia that is focused on trade and expanding U.S. exports. In remarks directed at Congress, he said the U.S. can’t afford to get “mired” in partisan battles over policy while countries such as China move forward to expand their economies.

The Labor Department reported that the overall economy added 151,000 jobs in October, exceeding all estimates in a Bloomberg News survey of economists. The increase wasn’t large enough to make a dent in the jobless rate, which held steady at 9.6 percent.

“We need to accelerate our economic growth so that we are producing jobs at a faster pace,” he said. “I am open to any idea, any proposal, any way we can get the economy growing faster, so that people who need work can find it faster.”

more...
http://www.businessweek.com/news/2010-11-05/obama-says-jobs-report-is-encouraging-for-recovery.html

[Lasher]

1. Bad timing.

Too bad this didn't come out last month.

[earthside]

2. Stop it already!

There is very little encouraging in a stagnant unemployment rate of 9.6 percent and increasing long term unemployment.

Pres. Obama needs to talk much more realistically about how crappy the economy is for most working class Americans and stop grasping at straws for some positive spin. He just looks out of touch when he just repeats the same mantra over and over every month ... "moving in the right direction" and "not fast enough".

He better fire Geithner and come up with some tough legislation to stop off-shoring our jobs -- or he really will end-up a one termer.