Obama at the White House today red-carpet interview: "economy" engine "will start running, but the economic recovery will take a long time to achieve. He said that even if the U.S. economy could rebound in the faith of "soon after" began to restore growth, but the unemployment may still will continue to increase. Since 1983, the unemployment rate never rise to 10 percent or more.
Obama said: "job cuts speed has slowed in economic growth, to restore. But it is well known that employment data is a lagging indicator, we must create 15 million per month jobs and economic recovery co-front-runner."
According to the U.S. labor department, according to a report released earlier in the U.S. non-farm payrolls 34.5 million, a reduction in the number has since September, only the smallest drop in January of unemployment for less than half that for more than half a century, the worst U.S. recession is beginning to weaken. But at the same time, the unemployment rate rose to 9.4 percent since 1983, is the highest level since.
Earlier today, published by the us department of commerce, according to a report in the new housing starts 5 than previously expected, but the industrial output is substantially, that the United States wants out of the current economic situation is very difficult the landslide.
Obama said: "I am convinced that if we in medical care, education and energy to take necessary measures, etc, and if we can create a strong financial supervision system, then people will be full of confidence to the market again, the economic recovery and will soon come in."
In the housing market, products and business investment down hard and under the influence of American economic decline rate in the first quarter, at first quarter 5.7% of six months in the past five years has become the worst performance for six months.
Obama also said that the United States Treasury yields are rising, as investors to "we might have to avoid" in economic and financial market "worst case problems feel more confident. Since the May 4th, the 10-year Treasury yield has risen 56 basis.