Tuesday, September 6, 2011

For Obama, a Familiar Labor Day Theme

This article tells a recent unemployment related news. On this Monday, the Labor Day, president Obama, while speaking to an estimated crowd of 13,000 in Detroit, Michigan, said he would propose “a new way forward on jobs” in his speech on this Thursday, promising job-creation measures to reduce a 9 percent unemployment rate.

Even though he did not offer any details, Mr. Obama said that "millions of unemployed construction workers would be able 'to get dirty' building roads, bridges and other public works under his infrastructure proposals. " Except for infrastructure proposals, he will also call for "extending and expanding temporary tax cuts for businesses and individuals."

President Obama has been faced serious skepticism because of the persistently high unemployment rate. "Recent polls give him his lowest ratings to date for job approval and his handling of the economy, though the ratings of Congress, and especially Republicans, are even more negative."

As the 2012 election is coming soon, every policy relates to unemployment rate Obama makes now could be somehow decisive. Let's wait for his hopefully magical new measure to reduce unemployment rate on Thursday.

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