(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
From CNN Politics
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One other thing...
This is to address those who point out that the last time unemployment reached 10% was under Reagan.
You are correct!
But PLEASE – don't omit the fact that at that time, it IMPROVED to 10% from the doldrums of the 13% unemployment of the Carter years.
Under Reagan, it was going in the right direction. Under Obama, it's going down the toilet.
Odumbo is failing and we all know it but him. Spend more money you dork and get us into even more trouble. IM thinking I just might move out of harms way and watch from a far as Odumbo and all of you that voted him in keep sinking in quick sand. Because if this was the change you wanted I dont want anything to do with you Odumbo clones. All of you need to move to an island and tell your selfs on a hourly basis how wonderfull you all are. Wake up!
And he keeps pushing a health care bill that will cost employers more money and make them less likely to hire new employees. But that doesn't matter, he can just keep extending jobless benefits. Pretty soon the people who work and have their taxes pay for all his failures are going to lose their jobs too. Who will pay for his big plans then?
He could have said sorry about stealing our tax money to benefit the unions, ACORN and all of the other left wing constituency. He could have said he was sorry for lying to us. Just "sobering" is like when that CNN commentator said "my bad" after giving out all of the false quotes and attributing them to Rush Limbaugh.
What would the report look like if the Republican lead had been followed and no intervention had taken place? I believe it would be much worse.
"I could stand up here and say, 'Let's just get everybody together, let's get unified, the sky will open, the light will come down, celestial choirs will be singing, and everyone will know we should do the right thing and the world will be perfect. Maybe I've just lived a little long, but I have no illusions about how hard this is going to be,You are not going to wave a magic wand and have the special interests disappear. -Hillary Clinton on Obama ... thats all I have to say
Come on CNN...get it right! Its a JOBS report not a JOB'S report. An apostrophe is used in the English language to indicate possession, not the plural. Need a copy editor?
Well, at least this might stop to flow of illegal aliens into the US. With all the jobs that went to Mexico, I think soon there will be a day when Mexico starts to deport illegal Americans crossing their boarder, looking for work.
Spin it any way you want Mr. President but you have failed! Since you have been in office unemployment has increased significantly and you don't have Bush to blame now. Maybe if you had of concentrated on jobs first!!!
3 more years to go!!
He calls everything sobering
Again with the "save and create" new jobs.....10.2% unemployment.
Obama isn't saving or creating anything.
Oh, but GOOD news! He extended you're unemployment benefits for 20 weeks, just in case he hasn't "created or saved" any more jobs by then.
And just how does this idiot think signing an extension of unemployment benefis will help grow the ecenomy and create jobs? I support extending these benefits, but spare us the lies about how it will stimulate economic growth!
I suppose that means no more photo ops or basket ball games? What a pity.
"Save or create"... only a politician could come up with such a lame phrase like that.
Guess it's time for Obama to go ask the Chinese if he can borrow more money to throw at more useless and poorly planned government programs.
The man has no clue. You can't blindly spend your way out of a recession.
He promised nothing higher than 8.9% if he released the stimulus funds.
Now all we have is a TON more debt and a lier lier lier...
Bush dug us a huge hole and it will take time to recover. Great job Mr. President for keeping us out of a total collapse. YES WE CAN!!!
Yea, it's sobering , but we must keep campaigning.
Health Care is one of the largest job providers in the country. Won't passing the bill lessen the unemployment rate?
Why not trust the American people and divide the remaining stimulus money among the taxpayers? We could pay off our mortgages (helping out the banks) and buy cars (helping the car companies).
I thought the porkulus bill was to stop this climb in unemployment .
Oh-Well i guess it was just a pay back to certain group's on the tax payer's back . Bush was pathetic but this BOZO is clueless.
How sad.
So then go smoke another bong.
Keep it up Mr. President! Those of us with a brain know that you inherited a total mess, and that you're doing everything you can to put the ship back on course.
industrial sector need to come back...and call centers need to come back..if you notice a call coming from India, phillipenes, etc, cancel immidetely this visa card, or sprint, or any thing...god bless...
Will someone in the mainstream press, other than Fox news, please call out this absurd "save or create" bs. It's really quite insulting.
By the time Obama, Reid, and Pelosi get done with our economy, the unemployment will be 20%!!!! Great job!!!!! Lets raise more taxes to cover abortion and illegal immigrants!!!!! Great plan!!!!! Soon everyone will qualify for thier free health care. Of course, there will be nobody left to pay for it!!!!