obama calls for rebuilding us economy
Last Updated : GMT 04:32:38
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Obama calls for rebuilding US economy

Arab Today, arab today

Arab Today, arab today Obama calls for rebuilding US economy

Washington - AFP

US President Barack Obama said Saturday the United States needs to do more than just reclaim jobs lost to the recession, as he called for rebuilding the economy to make it secure for future generations. \"Our mission isn\'t just to put people back to work - it\'s to rebuild an economy where that work pays; an economy in which everyone who works hard has the chance to get ahead,\" Obama said in his radio and Internet address. The comment came after new Labor Department statistics showed that the June jobless rate was unchanged from May at 8.2 percent, with 12.7 million people in the ranks of the unemployed. The United States added only 80,000 jobs in June, the third month of weak jobs growth amid a sluggish economy that has kept hiring on hold, the department data made public on Friday showed. The figure was far below what is needed just to keep pace with growth in the labor force, signaling no relief in sight for an unemployment rate that has held above 8.0 percent for more than three years. The disappointing report toughened the challenge ahead for President Barack Obama, who is fighting to keep his job in the November presidential election against charges by Republican challenger Mitt Romney that his administration has failed to revive the economy. Romney argued that Friday\'s weak US jobs report was proof President Obama\'s economic policies were failing, saying \"this kick in the gut has got to end.\" On Friday, Obama signed a bill funding scores of transportation projects across the country as well as a bill keeping interests on student loans from increasing. Both passed Congress last week \"Those steps will make a real difference in the lives of millions of Americans,\" the president said in the radio address. \"But make no mistake: we\'ve got more to do.\"

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