Job Creation Continuing, but Must Come Faster: Obama

President Barack Obama hailed the seventh straight month of private job creation in July as a good sign for the economy, but notes the progress "needs to come faster."

President Barack Obama
President Barack Obama

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.