(CNN) - President Obama called the latest jobs report indicating the unemployment rate has jumped to 10.2 percent "sobering," and pledged Friday to "not rest until all Americans who want work can find work."
"I just signed into law a bill that will help grow our economy, save and create new jobs and provide relief to struggling families and businesses," Obama said in the White House Rose Garden.
"The need for such a measure was made clear by the jobs report that we received this morning. Although we lost fewer jobs than we did last month, our unemployment rate climbed to over 10 percent, a sobering number that underscores the economic challenges that lie ahead," he also said.
CNNMoney.com: Obama signs jobless benefit extension
"job's"? Really? As in "belonging to Job"? Did someone named Job write the report?
I hate to nitpick, but that kind of rookie mistake is beneath you, CNN. You don't have to post this, just fix it.
Obama believes that extending unemployment is the answer to our economy. Good job America, elect a President that has never managed a business, never dealt with economic forces and has NO CLUE how to create jobs. But heck, maybe he'll just keep "saving" jobs...only an idiot would still believe this guys charm.
What happened to 8.0% unemployment capped by the spendulus Obama, you lie!
Keep your head up Mr. President. We know you are doing the best job you can possibly do; considering the cards you were dealth.
We are with you all the way!
Just do what you think is best for our country; with the help of your assistants, advisors and more importantly God, you will make the right decisions.
We love you!
What do the Republicans want to do about un-employment?.. Another stimulus? More money ? Maybe repeal all the government run health insurance programs like Veterans Health Insurance or socialist Medicare as the republicans like to call it... So Republicans what you gonna do about it since you oppose government action of any sort like you did back in the Great Depression?
I glad he has sobered up. He has been running this country's finances like a drunken sailor.
At the moment, there are 6 unemployed people for every job opening. Also, most of the jobs are not in areas that are hardest hit by unemployment. And, the salary offered by many of those jobs would not pay the rent and utilities on a small apartment.
What would President McCain be doing about unemployment right now if he had been elected and Republicans were in charge? Would he be saying that we should let the "free market" solve the problem (even though the "free market" CAUSED the problem in the first place)? Would he be increasing government expenditures and tossing no-bid contracts to his corporate supporters while lowering taxes on the rich like G. W. Bush did? Even McCain has not revealed to us what HE would be doing, and I wonder why not.
The reason is that Conservatism has NO answers to 21st century problems. If you disagree, then tell me what they are. Americans would love to know.
What is sobering is that this guy is President for the next 3 years!!! On the job training is what you wanted that's what we got!!! Now that's change worth voting for!!!
Maybe .... Maybe...... Mr. NoObama, you should take a cue from GOP on how to create jobs!! Talk to them – they have plenty of ideas... some I know are these Organizations:::
1) Tea Party Express
2) Freedom Rarely works
3) Sammy Sandwiches
These are "decent" paying jobs and I get a big list of unemployed people everyday who just care about the money they get from participation – the issue being debated is "rightfully" left to us – they don't care and they shouldn't either!!
Vote For Romney
Nothing this man is doing will help the small businesses...........he only knows how to bail out Unions. You don't hear him spouting off too much about his failed stimulus bill that had to be passed immediately to keep unemployment below 8%..........now all he says is it will get worse before it gets better.............yeah, that's cause he doesn't have a clue. Spending us into oblivion and adding yet more debt and entitlement programs is NOT going to recover the economy.............stupid. He needs policies that are business friendly, not businesses killers and the ones that can move over seas will. We will NOT be doing any hiring any time soon, and are struggling to keep the employees we have left working, and the Democrats want to force more burden upon us. Guess who pays for all the unemployment.................employers, which means we cannot afford to hire/pay more per employee. Keep it Obama, we can only hope the next 3 years go quickly or America wakes up and votes out ALL Democrats in 2010.
President Obama, you said if we do not pass your stimulus plan, unemployment will rise about 8 percent. It soared to 9.5, then 9.7, and now suddenly jumped to 10.2 percent.
Perhaps health care is not the most important right now, Mr. President, perhaps it is solely jobs? Please focus on JOBS, but if you insist on working on health care, perhaps you should simply get along with Republicans and pass a good bipartisan bill that helps all Americans, instead of one authored only by extreme liberal democrats.
Well it's about time he sobered up.
News Flash......"The Bush administration did all this," Obummie said today. "I have created or saved millions of jobs. Give me a few more months and 500 million Americans will have jobs"
"I just signed into law a bill that will help grow our economy, save and create new jobs and provide relief to struggling families and businesses," Obama said in the White House Rose Garden
Can someone please explain how extending jobless benefits helps to grow the economy, saves or creates jobs?
As the country continues to shed jobs, unemployment reaches the highest level in 25+ years, all I keep hearing is this "saved or created" crapola! Instead of focusing on everything but jobs, this administration had better start to realize pretty quickly, that there is no recovery without jobs.
"I just signed into law a bill that will help grow our economy"......yeah, right
Sobering news about his worthless 800 billion dollar stimulus package.
"Now if you'll pardon me, I have to go outside for a smoke".
What's that? The unemployment rate hit double digits for the first time in 26 years?
Quick! Run a Sarah Palin story! Something! Anything!
Run a story about how a biased CNN poll shows Americans hate republicans and how Americans believe Republicans are the devil incarnate!
Anything! Just get Obama's failures out of the headlines!
Oh, SHOTS! Another "sobering" report. Obama, is sober a new thing for you? You sure say it all the time.
I guess this must be "weighing" on you, huh? rofl Another gem of a word.
Reccomendation Barry. Stop just adding and piling on to your plate so it "weighs" so much. As this overload you have may be "sobering" for not accomplishing anythig, for Americans, you're presidency is becoming too "heavy" a burden for us to be dealing with.
We long for a "smart" leader and are thankful you gave up that word when you realized you were doing nothing "smartly".
This confirms our reports . . . the President and his Administration has been DRUNK WITH POWER since taking office.
Time for them to go enter a 12-Step Program. and go on the wagon for spending.
JOBS Mr. President . . . JOBS . . . JOBS . . . JOBS . . . that's what it's all about.
He is naive. He just started.So, for 10 month Usa did not have President. Obama is joke.
It amazes me how many dumb people comment on this blog! It is obvious that a very small portion of bloggers has ever owned a middle market company. Those that attack Obama on the job losses are clearly idiots!
Thank You Mr. President. I appreciate all you do every day.
Some companies are just greedy. My husband's company made a profit the second and third quarter. Yet they continue to eliminate jobs.
They have people doing 3 or 4 jobs because they have reduced the workforce by half. My husband took a 5% pay cut and 1 week off without pay. They have eliminated benefits. Some of the jobs will not be back. Why should a company hire more people when they can make a profit by reducing the workforce and assigning 1 person 3 or 4 jobs to do. I know some of you will say it is better than no job. My husband has to keep this job so we can have health insurance. When you are between the age of 50-64 no company will insure you if you lose your health insurance. And Cobra is so expensive, my brother and his wife paid $800.00 a month for Cobra.
Johnson & Johnson to cut up to 8,000 jobs. I would like to comment on some of the comments from William Weldon, J&J's chairman and chief executive regarding these layoffs....
Weldon's comment – "We think the timing is such that we have this wealth of opportunities in front of us and we need the infrastructure to take advantage of them," Weldon told analysts in a conference call. "Health care is a great place to be," he said. "We feel very excited about the future."
My comment – I imagine there are 8000 people who aren't very excited about the future of health care after being cut from J&J for this reason.
Then it says - "However, he acknowledged that the economic outlook remains cloudy, adding that a recovery will not take hold until the job market improves and consumers become more willing to spend. "The economic headwinds are still ahead of everyone," he said. "Until we see easing in unemployment, people are going to be cautious in their spending."
My comment – This is the mentality of US corporations these days. They perform mass layoffs, then complain that people aren't spending because of the unemployment. I hope J&J fails and I will do my best to boycott their products because this just shows that at least this company could care less about people- only their profits. It's the new American way. Get used to it.