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Sunday, September 20, 2009
Sven mathura Transition
Obama: Economy probably won't produce enough jobs until 2010
WASHINGTON (CNN) -- President Obama says that despite signs of economic recovery, the country will not see large-scale job growth until next year.
President Obama discusses the economy and other topics with CNN's John King.
In a wide-ranging interview broadcast Sunday on CNN's "State of the Union," Obama said reversing job losses from the recession will come at the end of the recovery period, not the start.
"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," Obama told CNN chief national correspondent John King in the interview, conducted Friday.
Obama explained that he believes the economy will be creating jobs through the end of 2009 -- but not enough to keep pace with population growth nor to make up for steep losses in employment that occurred earlier this year.
WASHINGTON (CNN) -- President Obama says that despite signs of economic recovery, the country will not see large-scale job growth until next year.
President Obama discusses the economy and other topics with CNN's John King.
In a wide-ranging interview broadcast Sunday on CNN's "State of the Union," Obama said reversing job losses from the recession will come at the end of the recovery period, not the start.
"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," Obama told CNN chief national correspondent John King in the interview, conducted Friday.
Obama explained that he believes the economy will be creating jobs through the end of 2009 -- but not enough to keep pace with population growth nor to make up for steep losses in employment that occurred earlier this year.
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