Obama says economy forward, but not enough
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Obama says economy forward, but not enough

Washington : DC : USA | Apr 06, 2012 at 11:39 AM PDT
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CNBC - Bottom Line - Hiring Uptick Not Enough To Ease Recession Fears 10-7-2011



Washington, - President Barack Obama said on Friday that the U.S. economy has progressed, but not enough, since the employment report showed the economy lost some force in March.

'We welcome the news today, "said the president. 'But it is clear to every American that there will be ups and downs along the way and terms much more work to do.'



Over 120,000 jobs were created last month, half the number of the previous month, the Labor Department reported on Friday, which marks the first time since November that the creation of jobs fell below 200,000.



The unemployment rate, obtained by a separate survey with families, shows a reduction of 0.1 percentage point, reducing the percentage of unemployed to 8.2%, but this is partly due to the reduction in the number of Americans in search work. Economists polled by Dow Jones Newswires expect an increase of 203,000 in the number of jobs and the maintenance of the unemployment rate at 8.3% in March.



The chairman of the House of Representatives, Republican John Boehner said in a statement that the report shows that business is bad 'because of the failed economic policies of President Obama. " According to him, 'unfortunately the president refuses to act serious about our fiscal and economic challenges. "



Democrats and Republicans traded barbs this week because of the project budget.Earlier this week, the president has heavily criticized the Republican proposed budget, saying he was 'radical' and a 'recipe for decline.'

'This is the platform of the party of government, "Obama said about the Republican budget, which passed the House but has virtually no chance of becoming law because of opposition from Democrats.

'It is veiled social Darwinism.'

Gene Sperling, National Economic Council Director of the White House said the fact that the U.S. has created over 600,000 jobs in the last three years is a positive sign. He said the result was above the estimates from the White House

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U.S. President Barack Obama delivers a statement pushing Congress to extend the payroll tax cut and unemployment insurance to the end of 2012, in Washington
U.S. President Barack Obama delivers a statement pushing Congress to extend the payroll tax cut and unemployment insurance to the end of 2012, in Washington
egyjan25 is based in Cairo, Kairo, Egypt, and is a Stringer on Allvoices.
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