BR100 Decreased By (-0.06%)
BR30 Increased By (1.22%)
KSE100 Decreased By (-0.07%)
KSE30 Decreased By (-0.47%)
AGHA 7.69 Decreased By ▼ -0.05 (-0.65%)
BECO 5.24 Decreased By ▼ -0.05 (-0.95%)
BML 60.22 Increased By ▲ 0.21 (0.35%)
BOP 35.28 Decreased By ▼ -1.18 (-3.24%)
CNERGY 13.13 Increased By ▲ 1.19 (9.97%)
CSIL 6.11 Decreased By ▼ -0.06 (-0.97%)
FCCL 57.97 Increased By ▲ 0.61 (1.06%)
FFL 16.42 Decreased By ▼ -0.16 (-0.97%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.48 Increased By ▲ 0.16 (2.19%)
KOSM 6.04 Decreased By ▼ -0.01 (-0.17%)
LOTCHEM 27.75 Increased By ▲ 0.61 (2.25%)
MLCF 102.98 Increased By ▲ 0.91 (0.89%)
NBP 206.04 Decreased By ▼ -0.31 (-0.15%)
NCPL 62.24 Decreased By ▼ -0.38 (-0.61%)
NPL 71.29 Decreased By ▼ -0.69 (-0.96%)
OGDC 323.78 Increased By ▲ 4.59 (1.44%)
PACE 11.51 Increased By ▲ 0.13 (1.14%)
PAEL 43.90 Increased By ▲ 0.02 (0.05%)
PIBTL 16.68 Decreased By ▼ -0.16 (-0.95%)
PPL 229.47 Increased By ▲ 7.92 (3.57%)
PRL 70.11 Increased By ▲ 6.36 (9.98%)
PTC 72.15 Decreased By ▼ -0.26 (-0.36%)
SSGC 27.11 Decreased By ▼ -0.17 (-0.62%)
TBL 9.86 No Change ▼ 0.00 (0%)
TELE 8.72 Increased By ▲ 0.10 (1.16%)
TPL 22.62 Increased By ▲ 1.94 (9.38%)
TPLP 15.68 Increased By ▲ 0.70 (4.67%)
TREET 24.21 Increased By ▲ 0.11 (0.46%)
TRG 61.13 Decreased By ▼ -2.16 (-3.41%)
World

Obama calls on private sector to create jobs

WASHINGTON : US President Barack Obama on Saturday called for the private sector to create more jobs, but underlined the
Published Updated

obamaWASHINGTON: US President Barack Obama on Saturday called for the private sector to create more jobs, but underlined the government's role in promoting professional education.

"Now, government is not -- and should not be -- the main engine of job-creation in this country. That's the role of the private sector," the president said in his weekly radio and Internet address.

"But one thing government can do is partner with the private sector to make sure that every worker has the necessary skills for the jobs they're applying for," Obama added.

His comments came after Labour Department figures showed only 54,000 new jobs had been created in May, just a quarter of the February-April pace; the unemployment rate had edged up to 9.1 percent.

The White House and economists cautioned that the poor data was likely a monthly blip, but it has fuelled allegations that Obama's economic policies are failing, 18 months ahead of the presidential election.

The president noted that the US economy had not got into what he called a "mess" overnight, and would not resolve its problems quickly.

"It's going to take time," he warned.

Obama pointed to the importance of investing in wind power, solar power, and bio-fuels to make America less dependent on foreign oil and to clean up the environment.

"These are steps we know will make a difference in people's lives -- not just twenty years from now, or ten years from now, but now, and in the months to come," the president said.

Copyright AFP (Agence France-Presse), 2011

Comments

Comments are closed for this article.