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Obama says U.S. unemployment down, wages up

Saturday, February 06, 2016 - 01:02

U.S. President Barack Obama tells reporters at the White House that the U.S. economy is the currently ''the strongest, most durable'' in the world, as he celebrates good news from the Labor Department. Rough Cut (no reporter narration)

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ROUGH CUT (NO REPORTER NARRATION) U.S. President Barack Obama on Friday said the country's unemployment is down and wages are up, showing that the U.S. economy is improving, but added that the country's leaders have more work to do to keep the recovery going. At a briefing with reporters at the White House, Obama said unemployment is down to its level in eight years, an that real wages are growing at their fastest rate since the 2008-2009 recession. He made a jab at Republican presidential candidates who are decrying the state of the economy, saying that the facts don't fit their "stump speeches" but that "you cannot please everybody." His appearance comes as the U.S. Labor Department released the latest labor figures. U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. On top of a 0.5 percent jump in average hourly earnings, which was the biggest gain in a year, employers increased hours for workers. Manufacturing, which has been undermined by a strong dollar and weak global demand, added the most jobs since August 2013.

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Obama says U.S. unemployment down, wages up

Saturday, February 06, 2016 - 01:02