Oct 2, 2009 1:54 pm US/Mountain
Obama: Unemployment Numbers A Sobering Reminder
Longest Recession Since The 1930s Propels Jobless Rate To Highest Level In 15 Years
WASHINGTON (AP) ―
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President Barack Obama delivers a speech at Federal Hall on Wall Street about the financial crisis on Sept.14, 2009, in New York City.
Mario Tama/Getty Images
President Barack Obama is calling the latest jobless figures a sobering reminder that progress to reverse the recession comes in fits and starts.
He says the new unemployment numbers also serve as a reminder that the country needs to "grind out this recovery step by step."
Obama made the comments after the Labor Department reported that the unemployment rate rose to 9.8 percent in September as employers cut more jobs than expected.
The president says employment is often the last indicator to show that a recession is over, and he is promising that his administration is doing everything it can to accelerate that process.
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