Obama: We're digging out of a hole
January 7th, 2011
05:52 PM ET

Obama: We're digging out of a hole

By CNN Wires Staff
Washington (CNN) - President Barack Obama announced several new members of his economic team Friday as the administration trumpeted a falling unemployment rate.

The U.S. economy added 103,000 jobs in December, while the unemployment rate fell from 9.8% to 9.4%.
"The trend is clear." Obama said at a Maryland manufacturing facility. "The pace of hiring is beginning to pick up."
Obama noted that there have now been 12 months of private-sector job growth for the first time since 2006.

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soundoff (3 Responses)
  1. B Hirst

    Obama needs to know that when you are in a hole, you need to stop digging it deepoer ....

    January 8, 2011 at 12:58 am |
  2. Jay in NC

    Barry you do understand that we need to add 150,000 jobs a month just to stay even, don't you? Adding 103,000 jobs is not a very good trend. You were promoted as the smartest guy in the room, all I can figure is that you were the only one standing there when it was said.

    January 9, 2011 at 3:16 am |
  3. Jay in NC

    The only 'hole' we are digging out of is the one caused by Barry's shovel ready projects.

    January 9, 2011 at 3:21 am |