WKYT | Lexington, Kentucky | News

Obama: Economy headed in right direction

ANDREWS AIR FORCE BASE, Md. (AP) - President Barack Obama says
the economy is headed in the right direction, but not fast enough
to satisfy him or many Americans.

The president spoke as a new report showed that the unemployment rate dropped to 9.5 percent in June, the lowest level in almost a year. But that lower overall jobless rate merely reflected that
many people gave up looking for work, as employers cut 125,000 jobs
last month. Most jobs lost were temporary positions as government
census takers.

Obama said that overall, the economy has been creating jobs in
2010. He promised to continue to help the unemployed find work.

The president spoke before flying to West Virginia for a
memorial service for Sen. Robert Byrd.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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