Job creation, economic growth Obama’s top priority

August 6th, 2011 - 11:17 am ICT by IANS  

Barack Obama Washington, Aug 6 (IANS) US President Barack Obama has said his top priority is to focus on the nation’s job creation and economic growth.

The “anaemic” US economy is not producing enough jobs, Obama said at the Washington Navy Yard after releasing the July labour market report, according to Xinhua.

The unemployment rate edged down to 9.1 percent in July from 9.2 percent in June, but still remained at an unacceptably high level, the Labor Department said Friday.

Obama assured that things will get better in the world’s largest economy, and called on different sectors to pitch in to create more jobs for veterans and other unemployed Americans.

He said the US economy will get through the “tumultuous” times.

The non-farm sector added 117,000 new jobs last month, far short of the 200,000 monthly level that economists believe is robust enough to slash the unemployment rate in the long run.

White House figures revealed that around one million veterans were unemployed as of June.

Obama also urged the private sector to commit to hiring or training 100,000 unemployed veterans and their spouses by the end of 2013, and proposed tax credits for those businesses supporting the government’s job-creation initiative.

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