Increasing jobs show economic recovery in US

13:02, June 06, 2010      

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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.



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