Obama Not Impressed

A new government report showing fewer job losses than forecasted signaled to some that the worst of the recession could be over. President Obama voiced caution, though, when speaking to reporters at the White House today, saying that the rate of joblessness is "still a sobering toll." The report showed that the jobless rate rose to 8.9 percent in April, but the pace of layoffs slowed to 539,000 in April from well over 600,000 the previous month. Obama said, "If we want to come out of this recession better than before, we have to make sure we have a work force that's trained better," before outlining his plans to help jobless people return to college without losing their unemployment benefits.