Now Reading:

US economy turning the corner, says Obama

world news

US economy turning the corner, says Obama


President Barack Obama has said that the US economy is “beginning to turn the corner” after the publication of a government report showing the most jobs created in three years.

Obama made his remarks in a address to workers at a battery plant in Charlotte, North Carolina.

“I’ve often had to report bad news during the
course of this year as the recession wrecked havoc on people’s lives,” the president said.
“But, today is an encouraging day. We learned that the economy actually produced a substantial number of jobs instead of losing a substantial number of jobs. We are beginning to turn the corner.”

After the passage of his healthcare reforms, Obama’s top priority will be to soothe anxiety over the state of the nation’s economy.

Some 8.7 million jobs have been shed since the recession began in December 2007, the deepest to hit the US since the 1930s.

But the country’s Labor Department said on Friday that 162,000 jobs were added to payrolls last month, hinting at a move towards recovery.

The unemployment rate, however, remains at 9.7 percent.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article