Obama: Jobs news 'modestly encouraging'

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President Obama on Friday praised the latest jobs figures that show a drop in the U.S. unemployment rate from 10.2 percent to 10 percent in November.

"I want to do something I haven't had a chance to do that often during my first year in office, and that is to share some modestly encouraging news on our economy," he told a crowd composed largely of students from Lehigh Carbon Community College.

Official remarks released in advance by the White House did not include the word "modestly." Noting that the latest jobs report is the country's best since December 2007 -- which economists say marked the start of the recession -- the president added, "This is good news, just in time for the season of hope."

But he added that "we still have a long way to go" and that one job lost is "one job too many."

"The journey from here will not be without setbacks or struggles," the president said. "But the direction is clear. When you think about how this year began, today's report is a welcome sign that there are better days ahead."

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0 #2 2009-12-14 02:32

Amen to that I say!

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+10 #1 2009-12-10 18:05

Dear Lord.. The gods have been good to me. For the first time in my life, everything is absolutely perfect just the way it is. So here's the deal: You freeze everything the way it is, and I won't ask for anything more. If that is OK, please give me absolutely no sign. OK, deal.

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