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President Obama: Economy Moving in Right Direction.

01/06/2012 - Washington ( USA ) - Video (right) - Obama Says Economy Moving in Right Direction. 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. Video (left) - Unemployment Ticks Down to 8.5%. A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011.

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