Friday, May 07, 2010

Obama Speaks on Jobs Report May 7

Full video:
Obama doesn't have any other scheduled public events today. Employers added 290,000 jobs in April.
This is the largest monthly increase in four years, Obama said. We've had job growth four months in a row. The unemployment rate went from 9.7% to 9.9%, which means more people are out looking for jobs again. We saw the largest increase in manufacturing employment since 1998, he said.
On the Dow plunge yesterday, Obama said regulators are looking into it and they will offer a public report of what happened.