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Obama hails November jobs report

Friday, December 05, 2014 - 01:42

U.S. President Barack Obama on Friday said the latest U.S. jobs report shows wages are rising, calling it ''a very welcome sign for millions of Americans.'' Rough Cut (no reporter narration)

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U.S. President Barack Obama on Friday said the latest U.S. jobs report shows wages are rising, calling it "a very welcome sign for millions of Americans." U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates. Nonfarm payrolls surged by 321,000 last month, the most since January 2012, the Labor Department said on Friday. The unemployment rate held steady at a six-year low of 5.8 percent.

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Obama hails November jobs report

Friday, December 05, 2014 - 01:42