- CNTV English - CCTV News

Obama vows to create more jobs

07-03-2010 09:15 BJT

Watch Video

Play Video

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.


Editor:Zhang Pengfei |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program