Latest News:  
Beijing   Sunny/Overcast    7 / -3   City Forecast

People's Daily Online>>World

Obama says unemployment to fall below 8 pct before election


09:47, December 12, 2011

WASHINGTON, Dec. 11 (Xinhua) -- U.S. President Barack Obama said he believes unemployment rate will fall below 8 percent by the time U.S. voters cast their votes to choose next president in November 2012, according to an interview broadcast Sunday night.

In an interview with CBS' "60 Minutes," Obama said he thinks "it's possible" that the unemployment rate will be down to 8 percent by the time the election begins.

However, Obama said he's "not in the job of prognosticating on the economy," and what he does is "putting in place the tools that allow the economy to thrive and Americans to succeed."

He said for Americans who are struggling, they have "every reason to be impatient," but "reversing structural problems in our economy that have been building up for two decades, that was going to take time."

Obama is pushing elements of his American Jobs Act in the Congress, and trying to get payroll tax cut extended. He said those actions would help the economy and create jobs.

【1】 【2】

We Recommend


Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese leader visits Qian Xuesen Library

  2. Fireworks illuminate Juzizhou island

  3. PLA Deputy Chief meets Bangladesh Army Chief

  4. Artworks of Filipino artist exhibited in HK

Most Popular


  1. Doubts linger over EU efforts to curb debt crisis
  2. Durban should maintain two-track system
  3. China: Russian election result reflects people's will
  4. Eurozone needs to balance present and future
  5. World over-thinking China's military intentions
  6. Low pay, tough competition for graduates
  7. Internet piracy down as gov't toughens regulations
  8. China urges more voice from developing countries
  9. China-led strong currency area foreseeable
  10. Can US-Pakistan ties survive current crisis?

What's happening in China

Beijing SWAT team shows skills

  1. Tighter regulations to ensure TCM's safety
  2. Forecasters set to say winter's here
  3. Luxury brands eye record numbers
  4. China faces severe plasma shortage
  5. Pledge to boost wildlife fight

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance