Mixed Jobs Report Worries Washington

Friday, July 2, 2010 - 9:19am

The Obama administration is heading off a mixed jobs report by telling American's more stimulus jobs are on the way this summer.

Private companies hired thousands in June, but we lost so many census workers that the net effect was negative: 125,000 jobs lost.

It was the first negative jobs report since last October.

Still, the unemployment rate dipped too.

It's now down to 9.5 percent.

"Make no mistake: we are headed in the right direction, but as I was reminded in Racine, Wisconsin earlier this week, we're not headed there fast enough for a lot of Americans," President Obama said following the release of the report.

The president is set to announce 66 new internet stimulus projects that will create 5,000 jobs.

Experts say it's a drop in the bucket.

The unemployed won't get more money from the government for now.

Congress failed to extend unemployment insurance before the 4th of July break.

"It's just cruel, and we're not going to...it cannot stand," House Speaker Nancy Pelosi said after Republicans blocked the bill.

Republicans say we just can't afford it

"Less spending and more jobs, it really is just that simple," argues House Minority Leader John Boehner.

The White House admits economic progress may be slowing down.

The House did approve war funding that includes $10 billion to prevent school layoffs.

That still has to be reconciled with what the Senate approved earlier.
 

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