UPDATE 1-Obama warns job data to fluctuate in coming months

(Adds quotes from Obama, paragraphs 2-6)

LANHAM, Md., Feb 5 (BestGrowthStock) – U.S. President Barack Obama
said on Friday new jobs figures showed the United States was
climbing out of the “huge hole” created by the recession but he
cautioned that the data would fluctuate in the months to come.

The jobless rate fell to 9.7 percent in January from 10
percent in December. Obama called that encouraging, but he said
it was not cause for celebration.

“Understanding that these numbers will continue to
fluctuate for months to come, these are welcome if modest signs
of progress along the road to recovery,” he said after a
meeting with small business owners near Washington.

“These numbers, while positive, are a cause for hope but
not celebration, because far too many of our neighbors and
friends and family are still out of work,” he said in Lanham,
Maryland.

Obama said it was encouraging that the job-loss figures
were better compared to the same period a year ago.

“It is encouraging that job loss in January was a small
fraction of what it was a year ago and that the unemployment
rate last month went down and not up,” he said.

Stock Market Analysis

(Writing by Jeff Mason; Editing by Eric Walsh)

UPDATE 1-Obama warns job data to fluctuate in coming months