7th Straight Month of Job Creation-Good Sign for the Economy

Posted: Aug 6, 2010 11:09 AM by Melissa Canone

WASHINGTON (AP) - President Barack Obama is hailing the seventh
straight month of private job creation as a good sign for the
economy. But he says the progress "needs to come faster."
The president spoke at Gelberg Signs, a small business in
Washington, D.C., that is expanding and hiring workers.
His comments came as a new jobs report out Friday shows
companies lacked strong confidence in hiring for a third straight
month.
The unemployment rate was stuck at 9.5 percent, and private
employers added a net total of only 71,000 jobs.
Obama says the country is now consistently adding jobs instead
of losing them in huge numbers. He said that for workers, the
progress must be accelerated. He called on Congress to take more
steps to help businesses.

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