During Charlotte visit, Obama says economy is turning a corner | McClatchy Washington Bureau

×
Sign In
Sign In
    • Customer Service
    • Mobile & Apps
    • Contact Us
    • Newsletters
    • Subscriber Services

    • All White House
    • Russia
    • All Congress
    • Budget
    • All Justice
    • Supreme Court
    • DOJ
    • Criminal Justice
    • All Elections
    • Campaigns
    • Midterms
    • The Influencer Series
    • All Policy
    • National Security
    • Guantanamo
    • Environment
    • Climate
    • Energy
    • Water Rights
    • Guns
    • Poverty
    • Health Care
    • Immigration
    • Trade
    • Civil Rights
    • Agriculture
    • Technology
    • Cybersecurity
    • All Nation & World
    • National
    • Regional
    • The East
    • The West
    • The Midwest
    • The South
    • World
    • Diplomacy
    • Latin America
    • Investigations
  • Podcasts
    • All Opinion
    • Political Cartoons

  • Our Newsrooms

You have viewed all your free articles this month

Subscribe

Or subscribe with your Google account and let Google manage your subscription.

Politics & Government

During Charlotte visit, Obama says economy is turning a corner

Jim Morrill, Eric Frazier and Mark Washburn - The Charlotte Observer

April 02, 2010 02:37 PM

Riding the tailwinds of positive economic news, President Barack Obama swept into Charlotte on Friday to tout his jobs program and efforts to kindle growth.

"We are beginning to turn the corner," Obama told an audience at the Charlotte Celgard plant, where advanced battery components are made. "The worst of the storm is over; brighter days are still ahead."

Obama's Good Friday visit came as the Labor Department said that employers added 162,000 non-farm payroll jobs in March, the best growth since the recession began in Dec. 2007 and the strongest sign yet that the U.S. economy is on the mend.

Unemployment held steady at 9.7 percent in March, and the weak construction sector added jobs, but the Labor Department estimated that a record 6.4 million Americans have been out of work for 27 weeks or longer.

Unemployment in the Charlotte area is nearly at 13 percent, the highest jobless rate in two decades.

Celgard, established 25 years ago, makes parts for lithium-ion batteries, used in everything from computers to hybrid cars. Celgard, approved for $49 million in federal stimulus money, employs about 400 workers in southwest Charlotte and has announced plans to add about 300 jobs and a plant in Concord.

Despite the news on the national employment scene, Obama said the recovery will be a long process. "We've still got a long ways to go … eight million people have lost jobs over the last two years — that's a staggering sum."

To read the complete article, visit www.charlotteobserver.com.

Read Next

Congress

Lindsey Graham finds himself on the margins of shutdown negotiations

By Emma Dumain

January 04, 2019 04:46 PM

Sen. Lindsey Graham is used to be in the middle of the action on major legislative debates, but he’s largely on the sidelines as he tries to broker a compromise to end the government shutdown.

KEEP READING

MORE POLITICS & GOVERNMENT

Congress

Who will replace Roberts? Kansas senator’s retirement could spur wild 2020 race

January 04, 2019 04:12 PM

Immigration

Trump officials exaggerate terrorist threat on southern border in tense briefing

January 04, 2019 05:29 PM

White House

HUD delays release of billions of dollars in storm protection for Puerto Rico and Texas

January 04, 2019 03:45 PM

Congress

Kansas Republican Pat Roberts announces retirement, sets up open seat race for Senate

January 04, 2019 11:09 AM

Congress

Mitch McConnell, ‘Mr. Fix It,’ is not in the shutdown picture

January 04, 2019 05:14 PM

Congress

Here’s when the government shutdown will hurt even more

January 04, 2019 03:25 PM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

McClatchy Washington Bureau App

View Newsletters

Subscriptions
  • Newsletters
Learn More
  • Customer Service
  • Securely Share News Tips
  • Contact Us
Advertising
  • Advertise With Us
Copyright
Privacy Policy
Terms of Service