WKYT | Lexington, Kentucky | News

Obama says economy can take hit and keep going

INDIANAPOLIS (AP) - President Barack Obama says the latest positive jobs report shows the economy is resilient and "can take a hit and still keep on going" despite some strong headwinds, such as rising gasoline prices.
The monthly government jobs report released Friday showed a net increase of 244,000 jobs in April, beating expectations. Obama noted it was the 14th consecutive month of private sector job growth.
Obama says economic progress continues despite high gas prices that are chipping away at people's paychecks and the Japanese earthquake that has affected some U.S. manufacturing operations.
Obama says there will always be ups and downs coming out of a recession but that the economy is showing its agility.

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