If President Obama could save the bankers and their bonuses

President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.

Great jobs report: Strong hiring, unemployment down

The American jobs recovery seems to have finally hit its stride. The U.S. economy added 288,000 jobs in June, the Bureau of Labor Statistics reported Thursday.

That number beats economists' expectations and comes along with other good news: Job growth was revised higher for both May and April. Taken altogether, that means employers added 1.4 million jobs in the first six months of the year. That's the strongest six months for job growth since 2006.

Meanwhile, the unemployment rate is now 6.1%, down from 6.3% in May. The drop came for the right reasons: More Americans said they had jobs, plus more people joined the labor force. Another encouraging sign: pay is on the rise. Hourly wages ticked up 0.2% in June and are up 2% in the past 12 months.

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Over the past year, 2.3 million Americans have found jobs. Unemployment is down for many ages and races, although the nation's youngest workers are still struggling this summer. One in 10 workers between the ages 20 to 24 were unemployed while 1 in 5 workers between the ages 16 to 19 did not have a job. In contrast, the unemployment rate is only 5.1% for workers between the ages 25 to 54, and even lower for workers over age 55, at 4.4%.

http://money.cnn.com/2014/07/03/investing/june-jobs-report/index.html