us obama jobs 110609
On the homepage
Vikings
Out There
Artcetera
Table Talk
Obama bemoans double-digit joblessness, says he'll persevere in quest to revive economy
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on DiggMore from Politically Connected
WASHINGTON - President Barack Obama said new figures released Friday showing national unemployment has hit the double-digit mark are a sobering reminder of the challenges still facing the U.S. economy.
Standing in the White House Rose Garden a few hours after the government reported that the jobless rate hit 10.2 percent last month, Obama said his administration is working hard to restore the struggling economy.
"I will not rest until all Americans who want work can,"he said.
The jobless rate is the highest since 1983. Economists believe more jobs will be lost, and the unemployment rate could possibly reach 10.5 percent next year because employers remain reluctant to hire.
Obama signed a $24 billion economic stimulus bill Friday providing tax incentives to prospective homebuyers and extending unemployment benefits for another 20 weeks for Americans who are out of work. The president said the unemployment benefits not only put money in the pockets of the unemployed, but also stimulate the economy when its spent.
Obama said his economic team is evaluating other options to create jobs and get the economy moving.
"I promise I won't rest until America is prosperous once again," he said.
Recent Politically Connected stories
Obama administration proposes seatbelts, other safety measures for long distance buses - November 6, 2009
Obama administration proposes seatbelts, other safety measures for long distance buses - The Obama administration said Monday it will propose long-sought safety requirements for long-distance buses, including seatbelts and stronger roof standards. More
- SC gov faces 37 charges he broke state ethics laws
- Weaver opts against run for Minn. governor
- Police chief cleared of burglary, convicted on other counts in Parker-Broderick surrogate case
- No guarantees on Senate health bill's public plan
- House Roll Call: Health care
- Patrick Kennedy clashes with outspoken RI bishop
- Health care issues: US costs vs. other countries
The Whistleblower blog has moved
The Star Tribune is still blowing the whistle, but our look and location have changed. Click here to get to the new blog. If you want the actual URL, it’s www.startribune.com/blogs/whistleblower.html. Our blog posts will now be easier to search on the web site, but you’ll need to register to post a comment. In the [...]
Recent posts
 Find Your Next HomeSearch realtor represented & for sale by owner homes in the Twin Cities. Plus, find open house listings. |
Comment on this story | Read all 64 comments | Hide reader comments