Europe might be weighing on jobs
Leader Obama, in the first direct comments about May's weak U.S. jobs data that alarmed real estate markets, stated on Monday high gas prices and also the European debt crisis were creating headwinds to growth.
"We do not know yet what is happening when it comes to this specific blip, what we should can say for certain is gas prices increased which got customers worried ... what's happening in Europe has people nervous. So we have got a bit of headwinds rising against us," he told WEWS-TV news in Cleveland, Ohio.
The U.S. economy produced just 54,000 new jobs recently -- considerably less compared to 150,000 that were forecast -- and unemployment edged as much as 9.1 % from 9 percent in April, based on data launched on Friday.
"During the last 15 several weeks, we have produced a lot more than two million jobs within the private sector. What is happening though is a month, you will have sometimes much better than expected jobs reviews, sometimes worse than expected jobs reviews," he stated within the interview.
