Gas Prices, Europe May Be Weighing on Jobs: Obama

obama jobs
obama jobs

President Barack Obama, in his first direct comments about May's weak U.S. jobs data that alarmed financial markets, said on Monday high gas prices and the European debt crisis were creating headwinds to growth.

"We don't know yet what has happened in terms of this particular blip, what we do know is gas prices went up and that got consumers worried ... what's happening in Europe has people nervous. So we've got some headwinds going up against us," he told WEWS-TV news in Cleveland, Ohio.