President Sees Positive Results In Recent Labor Stats

The Bureau of Labor Statistics released some arguably disappointing employment numbers for July, but President Barack Obama touted the progress that the private sector is making and acknowledged that Americans need faster relief.

“July’s job numbers reflect in part expected loss related to the Census winding down,” Obama said. “But the fact is, we’ve now added private sector jobs every month this year instead of losing them.. that’s a good sign.”
 
The president also credited progress to the addition of 183,000 jobs to the manufacturing sector. Obama said the recent revival of Ford, GM and Chrysler, two of which were on the verge of bankruptcy, is testament to continuing progress in the industry.

“All three U.S. automakers are posting a profit for the first time since 2004,” Obama touted. “Since they emerged, the auto industry has added 76,000 jobs, that’s the good news.”

Obama acknowledged the notion that, although progress is increasingly evident, change is not materializing fast enough for American families. He praised the Senate for passing legislation Thursday that boosts aid to states in an effort to keep teachers and other public officers on states’ payroll.

“Speaker Pelosi said she’s going to bring the House back in session to pass this bill, and as soon as they do, I’m ready to sign it into law,” Obama said. “[We] need to speed our recovery so it reaches the people and places who need relief not a year from now, not six months from now, but now, right now.”