Obama Says?

Economy News

[Obama: Economy still headed right direction] Obama: Economy still
headed right direction
AP – President Barack Obama on Friday cast the state of the economy in
upbeat terms, declaring that it was headed in the right direction even
as employers slashed payrolls last month for the first time in half a
year. The unemployment rate dropped to 9.5 …
1 hour, 46 minutes ago

Euro rises to 6-week high against US dollar
AP – The euro rose Friday to its highest level since late May against
the dollar after a report showed U.S. employers cut jobs last month,
intensifying worries about the U.S. economy, while concern about the
European financial crisis ebbed.
1 hour, 53 minutes ago

(AP)
AP – Factory orders fall 1.4 percent in May; worst showing in nine
months casts doubt on recovery.
1 hour, 57 minutes ago

[Obama: US economy getting better, but not fast enough] Obama: US
economy getting better, but not fast enough
AFP – President Barack Obama said Friday the US economy was headed in
the right direction, but not quickly enough, after new jobs figures
added to fears the recovery was slowing.
1 hour, 59 minutes ago

Obama says U.S. economy fighting headwinds
Reuters – U.S. President Barack Obama said on Friday the U.S. economy
was moving in the right direction but continued to fight headwinds from
volatile global markets.
2 hours ago

Instant View: Nonfarm payrolls fall in June
Reuters – Employment fell for the first time this year in June as
thousands of temporary census jobs ended and private hiring grew less
than expected, dealing a blow to President Barack Obama who has
identified job creation as a key priority.
3 hours, 1 minute ago

[Oil stable as traders await US payrolls data] Oil stable as traders
await US payrolls data
AFP – World oil prices held steady on Friday as traders sat on their
hands before the latest crucial piece of economic data from key energy
consuming nation the United States.
4 hours, 36 minutes ago

Training Program Helps Older Workers Find Jobs
A job training program has been helping older workers in rural
Pennsylvania find jobs for more than four decades. Older workers are
having an especially tough time finding work in the current job market.
7 hours, 58 minutes ago

Unemployment Rate Forecast To Move Slightly Higher
The unemployment rate is one of the most important economic indicators,
and it’s coming out Friday morning. The estimates for June’s employment
figures aren’t encouraging.
7 hours, 58 minutes ago

Obama to announce Recovery Act awards Friday
AP – President Barack Obama is announcing on Friday new Recovery Act
awards aimed at creating jobs and driving economic growth.
8 hours, 36 minutes ago

[US recovery faces litmus test] US recovery faces litmus test
AFP – The patchy US economic recovery faces a crucial litmus test Friday
when fresh unemployment figures are released, but few expect positive
results.
13 hours, 40 minutes ago

BOJ likely to revise up Japan economic forecast: report
Reuters – The Bank of Japan is expected to revise up its economic
forecast for the year to March 2011 at its next policy meeting on July
14-15, the Nikkei newspaper reported on Friday.
14 hours, 50 minutes ago

[US lawmakers extend jobless benefits] US lawmakers extend jobless benefits
AFP – The US House of Representatives extended federal unemployment
benefits through November 30, with the Senate now set to take up the
controversial measure.
14 hours, 55 minutes ago

New state budget plans burdened by recession, pension costs
The Christian Science Monitor – Across the US, states have launched into
their 2011 fiscal year saddled with many of the same budget problems
that they had the year before: low tax revenues, high recession-related
expenses, and uncertainty about how to pa …
16 hours, 5 minutes ago

[US auto sales, in weak recovery, slow down in June] US auto sales, in
weak recovery, slow down in June
AP – Americans’ enthusiasm for new cars and trucks cooled in June on
worries about the economy, signaling that the auto industry’s recovery
is far from certain.
17 hours, 46 minutes ago

Business Highlights
AP – New jobless claims rise in sign of weak job market
17 hours, 53 minutes ago

[June auto sales stall amid fears recovery is sputtering] June auto
sales stall amid fears recovery is sputtering
AFP – US auto sales stalled in June amid fears that the fragile economic
recovery is sputtering, industry data showed Thursday.
18 hours, 1 minute ago

Summary Box: Reports show economy weakening
AP – BAD REPORTS: Several disappointing reports Thursday heightened
fears that the economic recovery is fizzling. Jobless benefits claims
rose, home sales are plummeting and manufacturing growth slowed.
18 hours, 3 minutes ago

Banks borrow slightly more from Fed
AP – Banks borrowed slightly more last week from the Federal Reserve’s
emergency lending program, but are still well below levels seen during
the 2008 financial crisis.
19 hours, 6 minutes ago

Copper, other metals fall on discouraging news
AP – Copper and other industrial metals fell Thursday after discouraging
housing and manufacturing news provided more evidence of that the
economic recovery may be stalling.
19 hours, 19 minutes ago
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Have you noticed that Obama is the “ONLY” one that is saying the economy
is better.