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Obama cites economic growth, but not enough new jobs

President Barack Obama in an interview aired Sunday said all signs point to the US economy starting to grow again but there may not be enough new jobs created until next year.

US President Barack Obama speaks during a rally on healthcare at the Comcast Center in College Park, Maryland, on September 17. 


"I want to be clear, that probably the jobs picture is not going to improve considerably -- and it could even get a little bit worse -- over the next couple of months," he said in an interview taped Friday with CNN's "State of the Union."

"And we're probably not going to start seeing enough job creation to deal with the -- a rising population -- until some time next year," Obama said, adding that 150,000 additional jobs must be added each month just to keep pace with population growth.

Federal Reserve Chairman Ben Bernanke said on September 15 that the worst US recession since the Great Depression of the 1930s was probably over but the recovery would be slow and it would take time to create new jobs.

In signs the US economy is recovering, retail sales rose at the fastest pace in 3-1/2 years in August and a gauge of New York state manufacturing activity hit a nearly two-year high.

Obama has sought in recent weeks to highlight the signs of an improving economy in an effort to boost his popularity, which has suffered amid a heated debate over his plan to overhaul the nation's healthcare system.

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 Source : China Daily  Editor: Ivy
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