WASHINGTON (CNN) - President Barack Obama renewed his push Friday for new congressional action on measures to spur job growth, acknowledging that the addition of 117,000 jobs in July will not be enough to lift the sagging economy.
The president called on Congress to extend the payroll tax credit, extend unemployment insurance, and fund new construction jobs when it returns from its summer recess after Labor Day. He insisted there is no contradiction between short-term economic stimulus measures and long-term deficit reduction.
NEW YORK (CNNMoney) - The job market strengthened in July, a welcome piece of good news that sharply contrasted other recent data pointing toward an economic slowdown.
Employers added 117,000 jobs last month, easily topping the 75,000 gain economists surveyed by CNNMoney had predicted. And the unemployment rate improved slightly to 9.1 percent.
(CNN) – The Senate passed legislation Friday temporarily restoring full funding to the Federal Aviation Administration, breaking a political impasse and allowing roughly 4,000 furloughed federal employees to return to work.
The measure now advances to President Barack Obama to be signed into law.
(CNN) – Roseanne Barr for president in 2012?
The comedian made her official presidential announcement that was clearly part publicity stunt and part political farce on "The Tonight Show" Thursday night, drawing inspiration from former Alaska Gov. Sarah Palin.
(CNN) - Republican presidential candidates were among the first to respond to the July jobs numbers Friday, using the figures to illustrate what they call the failures of the Obama administration.
Former Minnesota Gov. Tim Pawlenty said the jobs report is a "far cry from the hope and change that President Obama promised on the campaign trail."
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CNN: Obama to unveil new jobs push for veterans
In a speech at the Washington Navy Yard scheduled for Friday morning, the president is expected to lay out a series of reforms that his administration is pledging will better prepare service members for the civilian work force and encourage employers to hire recent veterans.