Obama hails fall in US unemployment rate

President Barack Obama hailed a drop in the US unemployment rate today as he named a political veteran to a top economic post.

Obama hails fall in US unemployment rate
Fri, 07 Jan, 2011 - 17:35

President Barack Obama hailed a drop in the US unemployment rate today as he named a political veteran to a top economic post.

Obama said the new figures showed a trend in the right direction even though the numbers are fluctuating and hiring and growth must still accelerate.

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