President Obama addresses bleak jobs report

BROOKLYN - President Barack Obama addressed today's disappointing jobs report, saying that economic recovery is not where it should be.

According to the Labor Department, the unemployment rate has risen to 9.2 percent. Only 18,000 jobs were added in June, which is about 10 times fewer jobs than what economists had been predicting.

"We still have a long way to go and a lot of work to do to give people the security and opportunity that they deserve," Obama said.

Experts say the economy needs to add at least 150,000 jobs to keep pace with the population growth.

Top congressional Republicans wasted no time to blast Democrats' push for higher taxes, insisting that it would derail the already shaky recovery.

GOP leaders are expected to meet with the president Sunday to discuss increasing the nation's debt ceiling.

advertisement | advertise on News 12

Trending Video

News 12 Brooklyn hit the streets to ask 1 Word on the Street: GPS devices
At least six people have been arrested and 2 Six arrested, 4 more sought in Coney Island gang assault video
3 VIDEO: Brooklyn Botanic Garden to host annual Sakura Matsuri Festival
News 12 Long Island has won the regional 4 News 12 Long Island wins regional Edward R. Murrow Award
Sea Cliff's Troy Ramey was voted off 'The 5 Elisa's Entertainment for 4/26

advertisement | advertise on News 12


Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.