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Obama Confident that Economy is Recovering |
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Written by The News Agent
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Thursday, 02 July 2009 |
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When news poured out into the streets today, by stating that the unemployment ratio has hit a 26-year high of 9.5 percent, Obama made an announcement today by reassuring the public that the economy is indeed heading for recovery.
In fact, Obama specifically mentioned that the economy will recover in the short term and that there is no need for a wide spread panic. On the other hand, analysts mentioned that employers have yet again fired off 467,000 workers in June, which pushed the unemployment figure to a new high.
Well, I’m a little uncomfortable with the unemployment figure, but let’s just hope that the economy do recover, in due time.
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