December 5th, 2009
11:15 AM ET
6 months ago

Obama: Job report good, but not 'good enough'

Washington (CNN)– President Obama said Saturday despite a promising job report from the Labor Department, more work needs to be done to strengthen the economy and get the nation's unemployed back to work.

"Yesterday, the numbers released by the Labor Department reflected a continuing positive trend of diminishing job loss," Obama said in his weekly radio and Web address. "But for those who were laid off last month and the millions of Americans who have lost their jobs in this recession, a good trend isn't good enough."

Friday's Labor Department report showed the nation's unemployment rate dropped to 10 percent in November. The jobless level stood at 10.2 percent in October, the highest rate in more than a quarter century. The Labor Department also reported that employers cut 11,000 jobs last month, compared to an average of 135,000 jobs lost in each of the previous three months.

Obama said in order to prevent a future crisis he will work on programs that "will strengthen our economy in the long-run," by keeping the focus on job creation, health care reform, education, and clean energy.

"From the moment I was sworn into office, we have taken a number of difficult steps to end this economic crisis," Obama said. "We didn't take them because they were popular or gratifying. They weren't. We took these steps because they were necessary."

–CNN's Paul Steinhauser contributed to this report.


Filed under: President Obama
soundoff (3 Responses)
  1. Woonsocket

    Obama is full of crap.

    December 5, 2009 02:25 pm at 2:25 pm |
  2. Holly

    Wishing it, doesn't make it true.....still looking for work without any luck. The future looks bleak for me.

    December 5, 2009 03:01 pm at 3:01 pm |
  3. Greg, MN

    Is the 0.2% change due to seasonal emploment? I don't know i am asking the question, since businesses typically higher additional employees over the holidays. Everyone from retailers, food and beverage marketers, and UPS highers for the rush.

    Don't know just asking?

    December 5, 2009 03:18 pm at 3:18 pm |