Obama Enters 2012 Race on Good News About Jobs

This is the VOA Special English Economics Report, from voaspecialenglish.com | http In early April, President Obama announced his plans to seek re-election in November of next year. In an e-mail to supporters, Mr. Obama said “the race may not reach full speed for a year or more.” But he said the work of building the campaign “must start today.”Some of that work will depend on how many jobs are created in the months ahead. Mr. Obama welcomed a report that the United States economy added two hundred sixteen thousand jobs in March. The unemployment rate dropped one-tenth of one percent for the second straight month. The unemployment rate edged down to 8.8 percent, the lowest in two years. And some economists say this spring may be the start of better news to come. Consumer spending has been increasing.Stephen Hess is a political scientist who studies the presidency at the Brookings Institution in Washington. He says, “The next election will, more than anything else, depend on employment in the United States.”Labor Secretary Hilda Solis pointed out that the economy has added jobs for twelve months in a row. She says the economy has added a million and a half private sector jobs. But, she added, “we need to continue to not lose sight of where we need to go to increase opportunities for people to get employed in new jobs.” President Obama has filled a top job in his party as he prepares to seek a second term. He chose Representative Debbie Wasserman Schultz of Florida to head …
Video Rating: 5 / 5