President Barack Obama says that a new jobs report showing private sector growth in August is positive but more needs to be done for the economy.
He renewed his call Friday for the Senate to pass a bill that would increase lending and reduce taxes for small businesses. Obama said GOP opposition was needlessly delaying the aid.
But he said there was "no silver bullet" to solve the country's economic woes.
Obama spoke alongside his economic team in the Rose Garden after the Labor Department reported that private employers added 67,000 new jobs last month, and both July and June's private-sector job figures were revised upward. Those numbers were better than expected and pushed stock prices up.
But the jobless rate rose slightly to 9.6 percent.
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