Obama blames gas prices for slow US job growth
- 12 years ago
US President Barack Obama said the US economy was still fighting its way back to full health and was not yet growing or creating jobs fast enough, blaming high gasoline prices and headwinds from Europe's economic crisis for the lag.
"The economy is growing again but it's not growing as fast as we want it to grow," he told workers and supporters at a Honeywell factory in Minnesota.
"Our businesses have created almost 4.3 million new jobs over the last 27 months but as we learned in today's job report, we are still not creating them as fast as we want."
Stock markets fell on Friday after the government released its latest employment snapshot showing the U.S. jobless rate ticked up to 8.2 per cent in May from 8.1 per cent in April.
Al Jazeera's Patty Culhane reports from Washington.
"The economy is growing again but it's not growing as fast as we want it to grow," he told workers and supporters at a Honeywell factory in Minnesota.
"Our businesses have created almost 4.3 million new jobs over the last 27 months but as we learned in today's job report, we are still not creating them as fast as we want."
Stock markets fell on Friday after the government released its latest employment snapshot showing the U.S. jobless rate ticked up to 8.2 per cent in May from 8.1 per cent in April.
Al Jazeera's Patty Culhane reports from Washington.