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Obama: Efforts continue to boost economy

WASHINGTON — President Barack Obama on Saturday sought to reassure Americans frustrated by high unemployment that he's concentrating on jobs, while defending his administration's efforts to strengthen the economy on several fronts.

"In the coming days, I'll be unveiling additional ideas aimed at accelerating job growth and hiring as we emerge from this economic storm," Obama said in his weekly radio and Internet address. "And so that we don't face another crisis like this again, I'm determined to meet our responsibility to do what we know will strengthen our economy in the long run."

He acknowledged the pain felt by millions of the unemployed.

Job losses in the U.S. have been the worst since the 1930s, but new statistics out Friday showed a relatively moderate loss of 11,000 jobs last month. The unemployment rate dipped from 10.2 percent in October to 10 percent in November.

Americans "are in a very different place than we were when 2009 began," Obama said. He cited economic recovery efforts as part of the reason "we're no longer facing the potential collapse of our financial system or a second Great Depression.

But, he said, "for those who were laid off last month and the millions of Americans who have lost their jobs in this recession, a good trend isn't good enough."

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