Stocks Close Over 17000; Obama on economy: 'We're making progres - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Stocks Close Over 17000; Obama on economy: 'We're making progress'

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(WLNS) - Wall Street began the Fourth of July holiday on a high note.

The market closed early for the holiday, ending the week above the 17000 mark.

Meanwhile, President Barack Obama says job growth in June shows the recovery is taking hold, but the economy could still do better.

Obama is urging Congress to work with him to help create more jobs.

Obama cites the fastest job growth since 1999 and says, quote, "we're making progress."

Employers added 288,000 jobs in June, helping drive the unemployment rate to 6.1 percent. It is the lowest rate since September 2008 and the fifth straight monthly job gain above 200,000.

Obama spoke at 1776, a tech startup hub in Washington, D.C., with an appropriate name for Independence Day. The White House says the business illustrates Obama's commitment to promoting entrepreneurship.

Obama credits entrepreneurs for, quote, "trying to figure out how we do well by doing good."

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