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US President, Barack Obama, has vowed to create more job opportunities. His announcement comes after overall employment in the US fell for the first time this year in June.
Obama said on Friday that he saw progress in the US economy, but volatile global markets indicate a tough road ahead for an economic recovery.
Barack Obama, US President, said, "Make no mistake, we are headed in the right direction. But, as I was reminded on a trip to Racine Wisconsin earlier this week, we are not headed there fast enough for a lot of Americans. We are not headed there fast enough for me either. The recession dug is a hole of about 8 million jobs deep, and we continue to fight headwinds from volatile global markets."
Obama's comments came after the US Labor Department reported that nonfarm payrolls dropped 125-thousand, the largest decline since October.
It also reported that the unemployment rate fell to 9.5 percent, the lowest level since last July.
Obama pledged to do whatever it takes to put Americans back to work.
Barack Obama, US President, said, "And, to every American looking for work, I promise you we are going to keep on doing everything in our power to create jobs and opportunity. And I will do everything in my power to create jobs and opportunity."
Public discontent at the US economy has threaten to erode Obama's popularity. Analysts say failure to make headway in putting back to work the more than 8 million Americans who lost jobs during the recession, could cost the Democratic Party dearly in the November mid-term elections.