News / Economy

Obama: March Jobless Numbers 'Good News'

President Barack Obama gestures while speaking at a UPS facility in Landover, Maryland, April 1, 2011
President Barack Obama gestures while speaking at a UPS facility in Landover, Maryland, April 1, 2011

Multimedia

Audio

The U.S. unemployment rate dipped in March to its lowest level in two years, and President Barack Obama hailed the "good news."

The Labor Department says 8.8 percent of the U.S. work force was unemployed in March.  That is one-tenth of a percent lower than in February, and a full point below its level in November.

President Obama said Friday the economy is making strong gains in creating jobs. "Our economy is showing signs of real strength.  Today, we learned that we added 230,000 private sector jobs last month.  And that is good news," he said.

At a parcel shipping company near Washington, Mr. Obama said the new, lower jobless numbers are an encouraging sign that an economic recovery is under way.

"That makes 1.8 million private sector jobs created in the last 13 months," he said.  "And the unemployment rate has now fallen a full point in the last four months.  And the last time that happened was during the recovery in 1984."

The president acknowledged that millions of Americans are still looking for jobs, and he pledged to work harder to restore the jobs lost in the recession.

Mr. Obama said his campaign to reduce America’s dependence on imported oil will help to continue the momentum of the economic recovery, partially by creating jobs in the clean-energy economy.

On Wednesday, the president announced his energy policy, including efforts to cut U.S. oil imports by one-third by 2025.

The president called Friday for the U.S. government’s fleet of more than 600,000 vehicles to consist entirely of fuel-efficient cars and trucks within the next few years.

"We have already doubled the number of federal cars and trucks that are hybrids, and I am directing our departments and agencies to make sure 100 percent of the vehicles they buy are fuel-efficient or clean-energy cars or trucks by 2015," he said.

Mr. Obama announced a program in which the government will assist corporations which replace their gasoline-powered vehicles with those that run on alternative energy sources.

The president also said he is encouraged by the progress of budget talks between Democrats and Republicans on Capitol Hill.

Despite warnings about a possible government shutdown if an agreement is not reached, Mr. Obama said the leaders of both parties agreed on how much spending should be cut.  He said details remain to be worked out, but a compromise is within reach.

You May Like

Video Drug Use Rises in Afghanistan

Ninety percent of world’s heroin comes from Afghanistan More

Here's Your Chance to Live in a Deserted Shopping Mall

About one-third of the 1200 enclosed malls in the US are dead or dying. Here's what's being done with them. More

Video NASA: Big Antarctica Ice Shelf Is Disintegrating

US space agency’s new study indicates Larsen B shelf could break up in just a few years More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Turkey's Main Opposition Party Hopes for Election Breakthroughi
X
May 22, 2015 10:23 AM
Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Turkey's Main Opposition Party Hopes for Election Breakthrough

Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Europe Follows US Lead in Tackling ‘Conflict Minerals’

Metals mined from conflict zones in places like the Democratic Republic of Congo are often sold by warlords to buy weapons. This week European lawmakers voted to force manufacturers to prove that their supply chains are not inadvertently fueling conflicts and human rights abuses. Henry Ridgwell reports from London.
Video

Video Class Tackles Questions of Race, Discrimination

Unrest in some U.S. cities is more than just a trending news item at Ladue Middle School in St. Louis, Missouri. As VOA’s Kane Farabaugh reports, it’s a focus of a multicultural studies class engaging students in wide-ranging discussions about racial tensions and police aggression.
Video

Video Mind-Controlled Prosthetics Are Getting Closer

Scientists and engineers are making substantial advances towards the ultimate goal in prosthetics – creation of limbs that can be controlled by the wearer’s mind. Thanks to sophisticated sensors capable of picking up the brain’s signals, an amputee in Iceland is literally bringing us one step closer to that goal. VOA’s George Putic reports.
Video

Video Afghan Economy Sinks As Foreign Troops Depart

As international troops prepare to leave Afghanistan, and many foreign aid groups follow, Afghans are grappling with how the exodus will affect the country's fragile economy. Ayesha Tanzeem reports from the Afghan capital, Kabul.
Video

Video Poverty, Ignorance Force Underage Girls Into Marriage

The recent marriage of a 17-year old Chechen girl to a local police chief who was 30 years older and already had a wife caused an outcry in Russia and beyond. The bride was reportedly forced to marry and her parents were intimidated into giving their consent. The union spotlighted yet again the plight of many underage girls in developing countries. Zlatica Hoke reports poverty, ignorance and fear are behind the practice, especially in Asia and Africa.
Video

Video South Korea Marks Gwangju Uprising Anniversary

South Korea this week marked the 35th anniversary of a protest that turned deadly. The Gwangju Uprising is credited with starting the country’s democratic revolution after it was violently quelled by South Korea’s former military rulers. But as Jason Strother reports, some observers worry that democracy has recently been eroded.
Video

Video California’s Water System Not Created To Handle Current Drought

The drought in California is moving into its fourth year. While the state's governor is mandating a reduction in urban water use, most of the water used in California is for agriculture. But both city dwellers and farmers are feeling the impact of the drought. Some experts say the state’s water system was not created to handle long periods of drought. Elizabeth Lee reports from Ventura County, an agricultural region just northwest of Los Angeles.
Video

Video How to Clone a Mammoth: The Science of De-Extinction

An international team of scientists has sequenced the complete genome of the woolly mammoth. Led by the Swedish Museum of Natural History in Stockholm, the work opens the door to recreate the huge herbivore, which last roamed the Earth 4,000 years ago. VOA’s Rosanne Skirble considers the science of de-extinction and its place on the planet
Video

Video Blind Boy Defines His Life with Music

Cole Moran was born blind. He also has cognitive delays and other birth defects. He has to learn everything by ear. Nevertheless, the 12-year-old has had an insatiable love for music since he was born. VOA’s June Soh introduces us to the young phenomenal harmonica player.

VOA Blogs

World Currencies

EUR
USD
0.8982
JPY
USD
121.07
GBP
USD
0.6376
CAD
USD
1.2215
INR
USD
63.612

Rates may not be current.