WASHINGTON (AP) — Welcoming positive economic news in an election year, President Barack Obama said Friday the new monthly jobs report shows the U.S. economy is starting to rebound, even though some people are still struggling.
The Labor Department report said the economy added 200,000 jobs in December. The unemployment rate fell to 8.5 percent, the lowest in nearly three years.
"We're moving in the right direction," Obama said. "We have made real progress. Now is not the time to stop."
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