Watch CBS News

Obama Touts Private Sector Job Growth

President Barack Obama is conceding that tough days carry on for millions of unemployed people, but he is heralding another month of modest job growth in the private sector.

A new government report shows private employers added 64,000 positions, the weakest showing since June. Obama struck an upbeat tone, though, saying the private sector has added jobs for nine straight months after a crippling recession.

He conceded that the good news was tempered by an overall net loss of 95,000 jobs last month, driven by a wave of government layoffs. Obama said state and federal governments need help to keep jobs such as teachers and firefighters.

The president spoke at Ernest Maier, a brick and masonry company located in suburban Maryland.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.