Obama Calls Today’s Jobs Report ‘Encouraging News’

November 5, 2010 3:26 PM0 comments

Issuing a statement in response today’s jobs report, President Obama stressed that over the last few months, a total of over a million new jobs have been created in the private sector, although he said the result is still not good enough and more sustained efforts are required to get the economy fully back on its feet. Now en route to India, the president said, “Today’s report is encouraging news.

Based on today’s jobs report, we’ve now seen private-sector job growth for 10 straight months.  That means that since January, the private sector has added 1.1 million jobs.  Let me repeat, over the course of the last several months, we’ve seen over a million jobs added to the American economy.  In October, the private sector has added 159,000 jobs.  And we learned that businesses added more than 100,000 jobs in both August and September as well.  So we’ve now seen four months of private-sector job growth above 100,000 [jobs], which is the first time we’ve seen this kind of increase in over four years.

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