Increasing jobs show economic recovery in US

13:02, June 06, 2010      

Email | Print | Subscribe | Comments | Forum 

The US government has released its latest jobs report, showing the unemployment rate is dropping.

President Barack Obama praised the progress, but says it may take months for the economy to return to prosperity.

In a visit to a commercial truck dealership in nearby Maryland, U.S. President Barack Obama hailed the latest jobs report from the Labor Department - which showed the unemployment rate dipping in May to 9.7 percent and 431,000 jobs added to the economy.

Barack Obama, U.S. Presidentm, said, "Now this economy hasn't returned to prosperity yet. But we're heading in the right direction. They're gonna be some ups and downs. They're gonna be some months where people start worrying maybe we're not out of the whole yet."

Virtually all the job creation in May came from the hiring of 411,000 census workers- showing continued weakness in private sector hiring -- which is the backbone of the U.S. economy. This setback - which disappointed Wall Street- was acknowledged by the President.

Analysts say unemployment will probably remain high through the year as the millions of people who lost their jobs during the recession seek work.

With the jobless rate weighing on President Obama's popularity, it could also hurt the Democratic Party's political prospects in November's congressional elections.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion