Showing posts with label UNEMPLOYMENT RATE. Show all posts
Showing posts with label UNEMPLOYMENT RATE. Show all posts

Sunday, February 9, 2014

REMARKS BY PRESIDENT OBAMA AT SIGNING OF NEW FARM BILL

FROM:  THE WHITE HOUSE 
Remarks by the President at Signing of the Farm Bill -- MI
Michigan State University
East Lansing, Michigan
FEBRUARY 7, 2014
2:16 P.M. EST

THE PRESIDENT:  Hello, Spartans!  (Applause.)  Go, Green!

AUDIENCE:  Go, White!

THE PRESIDENT:  Thank you so much.  Everybody have a seat here.

It’s good to be at Michigan State.  Thank you, Ben, for that wonderful introduction.  Give Ben a big round of applause.  (Applause.)  He’s got his beautiful family right here.  How did dad do?  Was he pretty good?  Yes, there he is.  He did good?  I thought he did great.

It is good to be in East Lansing.  It’s good to be with all of you here today.  I’m here because I’ve heard about all the great things that you’re doing.  And I want to thank Mayor Triplett and President Simon for hosting us.

I am also here to do some scouting on my brackets.  (Laughter and applause.)  I just talked to Coach Izzo -- Spartans are looking pretty good.  I know things were a little wild for a while, had some injuries.  But the truth is that Coach Izzo, he always paces so that you peak right at the tournament.  (Applause.)  That’s a fact.  Then I got a chance to meet Mark Dantonio.  (Applause.)  So you’ve already got a Rose Bowl victory.  (Applause.)  You guys, you’re greedy.  (Laughter.)  You want to win everything.

But it’s wonderful to be here.  I love coming to Michigan.  Mainly I love coming to Michigan because of the people.  But I also love coming here because there are few places in the country that better symbolize what we’ve been through together over these last four, five years.

The American auto industry has always been the heartbeat of the Michigan economy and the heart of American manufacturing.  So when that heartbeat was flat-lining, we all pulled together, all of us -- autoworkers who punched in on the line, management who made tough decisions to restructure, elected officials like Gary Peters and Mark Schauer who believed that -- (applause) -- folks who believed that rescuing America’s most iconic industry was the right thing to do.

And today, thanks to your grit and your ingenuity and dogged determination, the American auto industry’s engines are roaring again and we are building the best cars in the world again.  And some plants are running three shifts around the clock -- something that nobody would have imagined just a few years ago.  (Applause.)

I just had lunch with Detroit’s new Mayor, Mike Duggan.  (Applause.)  He told me if there’s one thing that he wants everybody to know, it’s that Detroit is open for business.  And I have great confidence that he’s going to provide the leadership that we need.  (Applause.)  Really proud of him.  The point is we’ve all had to buckle down.  We’ve all had to work hard.  We’ve had to fight our way back these past five years.  And in a lot of ways, we are now better positioned for the 21st century than any other country on Earth.

This morning, we learned that our businesses in the private sector created more than 140,000 jobs last month, adding up to about 8.5 million new jobs over the past four years.  (Applause.)  Our unemployment rate is now the lowest it’s been since before I was first elected.  Companies across the country are saying they intend to hire even more folks in the months ahead.  And that’s why I believe this can be a breakthrough year for America.

And I’ve come here today to sign a bill that hopefully means folks in Washington feel the same way -- that instead of wasting time creating crises that impede the economy, we’re going to have a Congress that’s ready to spend some time creating new jobs and new opportunities, and positioning us for the future and making sure our young people can take advantage of that future.

And that’s important, because even though our economy has been growing for four years now, even though we’ve been adding jobs for four years now, what’s still true -- something that was true before the financial crisis, it’s still true today -- is that those at the very top of the economic pyramid are doing better than ever, but the average American’s wages, salaries, incomes haven’t risen in a very long time.  A lot of Americans are working harder and harder just to get by -- much less get ahead -- and that’s been true since long before the financial crisis and the Great Recession.

And so we’ve got to reverse those trends.  We’ve got to build an economy that works for everybody, not just a few.  We’ve got to restore the idea of opportunity for all people -- the idea that no matter who you are, what you look like, where you came from, how you started out, what your last name is, you can make it if you’re willing to work hard and take responsibility.  That’s the idea at the heart of this country. That’s what’s at stake right now.  That’s what we’ve got to work on.  (Applause.)

Now, the opportunity agenda I laid out in my State of the Union address is going to help us do that.  It’s an agenda built around four parts.  Number one:  More new jobs in American manufacturing, American energy, American innovation, American technology.  A lot of what you’re doing here at Michigan State helps to spur on that innovation in all sorts of areas that can then be commercialized into new industries and to create new jobs.

Number two:  Training folks with the skills to fill those jobs -- something this institution does very well.

Number three:  Guaranteeing access to a world-class education for every child, not just some.  That has to be a priority.  (Applause.)  That means before they even start school, we’re working on pre-K that’s high quality and gets our young people prepared, and then takes them all the way through college so that they can afford it, and beyond.

Number four:  Making sure our economy rewards honest work with wages you can live on, and savings you can retire on, and, yes, health insurance that is there for you when you need it.  (Applause.)

Now, some of this opportunity agenda that I put forward will require congressional action, it’s true.  But as I said at the State of the Union, America does not stand still; neither will I.  And that’s why, over the past two weeks, I’ve taken steps without legislation, without congressional action, to expand opportunity for more families.  We’ve created a new way for workers to start their own retirement savings.  We’ve helped to make sure all of our students have high-speed broadband and high-tech learning tools that they need for this new economy.

But I’ve also said I’m eager to work with Congress wherever I can -- because the truth of the matter is, is that America works better when we’re working together.  And Congress controls the purse strings at the federal level and a lot of the things that we need to do require congressional action.

And that is why I could not be prouder of our leaders who are here today.  Debbie in particular, I could not be prouder of your own Debbie Stabenow, who has done just extraordinary work.  (Applause.)  We all love Debbie for a lot of reasons.  She’s been a huge champion of American manufacturing but really shepherded through this farm bill, which was a very challenging piece of business.  She worked with Republican Senator Thad Cochran, who I think was very constructive in this process.  We had Representatives Frank Lucas, a Republican, working with Collin Peterson, a Democrat.  We had a terrific contribution from our own Secretary of Agriculture, Tom Vilsack, who deserves a big round of applause.  (Applause.)

And so Congress passed a bipartisan farm bill that is going to make a big difference in communities all across this country.  And just so they don’t feel left out, I want to recognize one of your congressmen, who’s doing an outstanding job -- Dan Kildee.  (Applause.)  And somebody who was just a wonderful mentor to me when I was in the Senate and has been just a great public servant, not just for your state, but for the entire country -- Carl Levin.  (Applause.)  He’s always out there, especially when it comes to our men and women in uniform.  We’re very proud of him.  (Applause.)

     And while we’re at it, we got a couple of out-of-towners -- Pat Leahy from Vermont -- there are a lot of dairy farms up there, so he had something to do with it.  (Applause.)  Amy Klobuchar from Minnesota.  (Applause.)  All that cold air is blowing from Minnesota down into -- (laughter).

Now, despite its name, the farm bill is not just about helping farmers.  Secretary Vilsack calls it a jobs bill, an innovation bill, an infrastructure bill, a research bill, a conservation bill.  It’s like a Swiss Army knife.  (Laughter.)  It’s like Mike Trout -- for those of you who know baseball.  (Laughter.)  It’s somebody who’s got a lot of tools.  It multitasks.  It’s creating more good jobs, gives more Americans a shot at opportunity.  And there are two big ways in which it does so.

First, the farm bill lifts up our rural communities.  Over the past five years, thanks to the hard work and know-how of America’s farmers, the best in the world, we’ve had the strongest stretch of farm exports in our history.  And when I’m traveling around the world, I’m promoting American agriculture.  And as a consequence, we are selling more stuff to more people than ever before.  Supports about 1 million American jobs; what we grow here and that we sell is a huge boost to the entire economy, but particularly the rural economy.

Here at Michigan State, by the way, you are helping us to do even more.  So I just got a tour of a facility where you’re working with local businesses to produce renewable fuels.  You’re helping farmers grow crops that are healthier and more resistant to disease.  Some students are even raising their own piglets on an organic farm.  When I was in college, I lived in a pig sty -- (laughter) -- but I didn't work in one.  So I’m impressed by that.  (Laughter.)  That's no joke, by the way.  (Laughter and applause.)  Your hygiene improves as you get older.  (Laughter.)

So we’re seeing some big advances in American agriculture.  And today, by the way, I’m directing my administration to launch a new “Made in Rural America” initiative to help more rural businesses expand and hire and sell more products stamped “Made in the USA” to the rest of the world -- because we’ve got great products here that need to be sold and we can do even more to sell around the world.  (Applause.)

But even with all this progress, too many rural Americans are still struggling.  Right now, 85 percent of counties experience what’s called “persistent poverty.”  Those are in rural areas.  Before I was elected President, I represented Illinois, home of a couple of your Big Ten rivals, but also a big farming state.  And over the years, I’ve seen how hard it can be to be a farmer.  There are a lot of big producers who are doing really well, but there are even more small farms, family farms, where folks are just scratching out a living and increasingly vulnerable to difficulties in financing and all the inputs involved -- farmers sometimes having to work off the farm, they’ve got a couple of jobs outside the farm just to get health care, just to pay the bills, trying to keep it in the family, and it’s very hard for young farmers to get started.

And in these rural communities, a lot of young people talk about how jobs are so scarce, even before the recession hit, that they feel like they’ve got to leave in order to have opportunity.  They can't stay at home, they’ve got to leave.

So that's why this farm bill includes things like crop insurance, so that when a disaster like the record drought that we’re seeing across much of the West hits our farmers, they don’t lose everything they’ve worked so hard to build.  This bill helps rural communities by investing in hospitals and schools, affordable housing, broadband infrastructure -- all the things that help attract more businesses and make life easier for working families.

This bill supports businesses working to develop cutting-edge biofuels -- like some of the work that's being done here at Michigan State.  That has the potential to create jobs and reduce our dependence on foreign oil.  It boosts conservation efforts so that our children and grandchildren will be able to enjoy places like the Mississippi River Valley and Chesapeake Bay.

It supports local food by investing in things like farmers markets and organic agriculture -- which is making my wife very happy.  And when Michelle is happy, I don't know about everybody being happy, but I know I'm happy.  (Laughter and applause.)  And so it's giving smaller producers, local producers, folks like Ben, the opportunity to sell more of their products directly, without a bunch of processing and distributors and middlemen that make it harder for them to achieve.  And it means that people are going to have healthier diets, which is, in turn, going to reduce incidents of childhood obesity and keep us healthier, which saves us all money.

It does all this while reforming our agricultural programs, so this bill helps to clamp down on loopholes that allowed people to receive benefits year after year, whether they were planting crops or not.  And it saves taxpayers hard-earned dollars by making sure that we only support farmers when disaster strikes or prices drop.  It's not just automatic.

So that’s the first thing this farm bill does -- it helps rural communities grow; it gives farmers some certainty; it puts in place important reforms.

The second thing this farm bill does -- that is huge -- is help make sure America’s children don’t go hungry.  (Applause.)   And this is where Debbie’s work was really important.  One study shows that more than half of all Americans will experience poverty at some point during their adult lives.  Now, for most folks that's when you're young and you're eating ramen all the time.  But for a lot of families, a crisis hits, you lose your job, somebody gets sick, strains on your budget -- you have a strong work ethic, but it might take you six months, nine months, a year to find a job.  And in the meantime, you’ve got families to feed.

That’s why, for more than half a century, this country has helped Americans put food on the table when they hit a rough patch, or when they’re working hard but aren’t making enough money to feed their kids.  They’re not looking for a handout, these folks, they’re looking for a hand up -- (applause) -- a bridge to help get them through some tough times.  (Applause.)

And we sure don't believe that children should be punished when parents are having a tough time.  As a country, we’re stronger when we help hardworking Americans get back on their feet, make sure that children are getting the nutrition that they need so that they can learn what they need in order to be contributing members of our society.

That’s the idea behind what’s known as the Supplemental Nutrition Assistance Program, or SNAP.  A large majority of SNAP recipients are children, or the elderly, or Americans with disabilities.  A lot of others are hardworking Americans who need just a little help feeding their families while they look for a job or they’re trying to find a better one.  And in 2012, the SNAP program kept nearly 5 million people -- including more than 2 million children -- out of poverty.  (Applause.)  Think about that -- 5 million people.

That’s why my position has always been that any farm bill I sign must include protections for vulnerable Americans, and thanks to the good work of Debbie and others, this bill does that.  (Applause.)  And by giving Americans more bang for their buck at places like farmers markets, we’re making it easier for working families to eat healthy foods and we're supporting farmers like Ben who make their living growing it.  So it’s creating new markets for produce farmers, and it means that people have a chance to directly buy from their farmers the kind of food that’s going to keep them healthy.

And the truth is a lot of folks go through tough times at some points in their lives.  That doesn’t mean they should go hungry.  Not in a country like America.  So investing in the communities that grow our food, helping hardworking Americans put that food on the table -- that’s what this farm bill does, all while reducing our deficits through smart reforms.

It doesn’t include everything that I’d like to see.  And I know leaders on both sides of the aisle feel the same way.  But it’s a good sign that Democrats and Republicans in Congress were able to come through with this bill, break the cycle of short-sighted, crisis-driven partisan decision-making, and actually get this stuff done.  (Applause.)  That's a good sign.

And that’s the way you should expect Washington to work.  That’s the way Washington should continue to work.  Because we’ve got more work to do.  We’ve got more work to do to potentially make sure that unemployment insurance is put in place for a lot of folks out there who need it.  (Applause.)  We’ve got more work to do to pass a minimum wage.  We’ve got more work to do to do immigration reform, which will help farmers like Ben.  (Applause.)

So let’s keep the momentum going here.  And in the weeks ahead, while Congress is deciding what’s next, I’m going to keep doing everything I can to strengthen the middle class, build ladders of opportunity in the middle class.  And I sure hope Congress will join me because I know that’s what you’re looking for out of your elected officials at every level.  (Applause.)

So thank you, everybody.  God bless you.  I’m now going to sign this farm bill.  (Applause.)

Hold on a second, I forgot to mention Marcia Fudge is here.  I wasn’t sure whether she came to the event.  I knew she flew in with me.  She does great work -- (applause) -- out of the great state of Ohio.

(The bill is signed.)  (Applause.)

END

Wednesday, January 29, 2014

PRESIDENT OBAMA'S STATE OF THE UNION ADDRESS FOR 2014

FROM:  THE WHITE HOUSE 
President Barack Obama's State of the Union Address

Mr. Speaker, Mr. Vice President, Members of Congress, my fellow Americans:

Today in America, a teacher spent extra time with a student who needed it, and did her part to lift America’s graduation rate to its highest level in more than three decades.

An entrepreneur flipped on the lights in her tech startup, and did her part to add to the more than eight million new jobs our businesses have created over the past four years.

An autoworker fine-tuned some of the best, most fuel-efficient cars in the world, and did his part to help America wean itself off foreign oil.

A farmer prepared for the spring after the strongest five-year stretch of farm exports in our history.  A rural doctor gave a young child the first prescription to treat asthma that his mother could afford.  A man took the bus home from the graveyard shift, bone-tired but dreaming big dreams for his son.  And in tight-knit communities across America, fathers and mothers will tuck in their kids, put an arm around their spouse, remember fallen comrades, and give thanks for being home from a war that, after twelve long years, is finally coming to an end.

Tonight, this chamber speaks with one voice to the people we represent: it is you, our citizens, who make the state of our union strong.

Here are the results of your efforts:  The lowest unemployment rate in over five years.  A rebounding housing market.  A manufacturing sector that’s adding jobs for the first time since the 1990s.  More oil produced at home than we buy from the rest of the world – the first time that’s happened in nearly twenty years.  Our deficits – cut by more than half.  And for the first time in over a decade, business leaders around the world have declared that China is no longer the world’s number one place to invest; America is.

That’s why I believe this can be a breakthrough year for America.  After five years of grit and determined effort, the United States is better-positioned for the 21st century than any other nation on Earth.

The question for everyone in this chamber, running through every decision we make this year, is whether we are going to help or hinder this progress.  For several years now, this town has been consumed by a rancorous argument over the proper size of the federal government.  It’s an important debate – one that dates back to our very founding.  But when that debate prevents us from carrying out even the most basic functions of our democracy – when our differences shut down government or threaten the full faith and credit of the United States – then we are not doing right by the American people.

As President, I’m committed to making Washington work better, and rebuilding the trust of the people who sent us here.  I believe most of you are, too.  Last month, thanks to the work of Democrats and Republicans, this Congress finally produced a budget that undoes some of last year’s severe cuts to priorities like education.  Nobody got everything they wanted, and we can still do more to invest in this country’s future while bringing down our deficit in a balanced way.  But the budget compromise should leave us freer to focus on creating new jobs, not creating new crises.

In the coming months, let’s see where else we can make progress together.  Let’s make this a year of action.  That’s what most Americans want – for all of us in this chamber to focus on their lives, their hopes, their aspirations.  And what I believe unites the people of this nation, regardless of race or region or party, young or old, rich or poor, is the simple, profound belief in opportunity for all – the notion that if you work hard and take responsibility, you can get ahead.

Let’s face it: that belief has suffered some serious blows.  Over more than three decades, even before the Great Recession hit, massive shifts in technology and global competition had eliminated a lot of good, middle-class jobs, and weakened the economic foundations that families depend on.

Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better.  But average wages have barely budged.  Inequality has deepened.  Upward mobility has stalled.  The cold, hard fact is that even in the midst of recovery, too many Americans are working more than ever just to get by – let alone get ahead.  And too many still aren’t working at all.

Our job is to reverse these trends.  It won’t happen right away, and we won’t agree on everything.  But what I offer tonight is a set of concrete, practical proposals to speed up growth, strengthen the middle class, and build new ladders of opportunity into the middle class.  Some require Congressional action, and I’m eager to work with all of you.  But America does not stand still – and neither will I.  So wherever and whenever I can take steps without legislation to expand opportunity for more American families, that’s what I’m going to do.

As usual, our First Lady sets a good example.  Michelle’s Let’s Move partnership with schools, businesses, and local leaders has helped bring down childhood obesity rates for the first time in thirty years – an achievement that will improve lives and reduce health care costs for decades to come.  The Joining Forces alliance that Michelle and Jill Biden launched has already encouraged employers to hire or train nearly 400,000 veterans and military spouses.  Taking a page from that playbook, the White House just organized a College Opportunity Summit where already, 150 universities, businesses, and nonprofits have made concrete commitments to reduce inequality in access to higher education – and help every hardworking kid go to college and succeed when they get to campus.  Across the country, we’re partnering with mayors, governors, and state legislatures on issues from homelessness to marriage equality.

The point is, there are millions of Americans outside Washington who are tired of stale political arguments, and are moving this country forward.  They believe, and I believe, that here in America, our success should depend not on accident of birth, but the strength of our work ethic and the scope of our dreams.  That’s what drew our forebears here.  It’s how the daughter of a factory worker is CEO of America’s largest automaker; how the son of a barkeeper is Speaker of the House; how the son of a single mom can be President of the greatest nation on Earth.

Opportunity is who we are.  And the defining project of our generation is to restore that promise.

We know where to start: the best measure of opportunity is access to a good job.  With the economy picking up speed, companies say they intend to hire more people this year.  And over half of big manufacturers say they’re thinking of insourcing jobs from abroad.

So let’s make that decision easier for more companies.  Both Democrats and Republicans have argued that our tax code is riddled with wasteful, complicated loopholes that punish businesses investing here, and reward companies that keep profits abroad.  Let’s flip that equation.  Let’s work together to close those loopholes, end those incentives to ship jobs overseas, and lower tax rates for businesses that create jobs here at home.

Moreover, we can take the money we save with this transition to tax reform to create jobs rebuilding our roads, upgrading our ports, unclogging our commutes – because in today’s global economy, first-class jobs gravitate to first-class infrastructure.  We’ll need Congress to protect more than three million jobs by finishing transportation and waterways bills this summer.  But I will act on my own to slash bureaucracy and streamline the permitting process for key projects, so we can get more construction workers on the job as fast as possible.

We also have the chance, right now, to beat other countries in the race for the next wave of high-tech manufacturing jobs.  My administration has launched two hubs for high-tech manufacturing in Raleigh and Youngstown, where we’ve connected businesses to research universities that can help America lead the world in advanced technologies.  Tonight, I’m announcing we’ll launch six more this year.  Bipartisan bills in both houses could double the number of these hubs and the jobs they create.  So get those bills to my desk and put more Americans back to work.

Let’s do more to help the entrepreneurs and small business owners who create most new jobs in America.  Over the past five years, my administration has made more loans to small business owners than any other.  And when ninety-eight percent of our exporters are small businesses, new trade partnerships with Europe and the Asia-Pacific will help them create more jobs.  We need to work together on tools like bipartisan trade promotion authority to protect our workers, protect our environment, and open new markets to new goods stamped “Made in the USA.”  China and Europe aren’t standing on the sidelines.  Neither should we.

We know that the nation that goes all-in on innovation today will own the global economy tomorrow.  This is an edge America cannot surrender.  Federally-funded research helped lead to the ideas and inventions behind Google and smartphones.  That’s why Congress should undo the damage done by last year’s cuts to basic research so we can unleash the next great American discovery – whether it’s vaccines that stay ahead of drug-resistant bacteria, or paper-thin material that’s stronger than steel.  And let’s pass a patent reform bill that allows our businesses to stay focused on innovation, not costly, needless litigation.

Now, one of the biggest factors in bringing more jobs back is our commitment to American energy.  The all-of-the-above energy strategy I announced a few years ago is working, and today, America is closer to energy independence than we’ve been in decades.

One of the reasons why is natural gas – if extracted safely, it’s the bridge fuel that can power our economy with less of the carbon pollution that causes climate change.  Businesses plan to invest almost $100 billion in new factories that use natural gas.  I’ll cut red tape to help states get those factories built, and this Congress can help by putting people to work building fueling stations that shift more cars and trucks from foreign oil to American natural gas.  My administration will keep working with the industry to sustain production and job growth while strengthening protection of our air, our water, and our communities.  And while we’re at it, I’ll use my authority to protect more of our pristine federal lands for future generations.

It’s not just oil and natural gas production that’s booming; we’re becoming a global leader in solar, too.  Every four minutes, another American home or business goes solar; every panel pounded into place by a worker whose job can’t be outsourced.  Let’s continue that progress with a smarter tax policy that stops giving $4 billion a year to fossil fuel industries that don’t need it, so that we can invest more in fuels of the future that do.

And even as we’ve increased energy production, we’ve partnered with businesses, builders, and local communities to reduce the energy we consume.  When we rescued our automakers, for example, we worked with them to set higher fuel efficiency standards for our cars.  In the coming months, I’ll build on that success by setting new standards for our trucks, so we can keep driving down oil imports and what we pay at the pump.

Taken together, our energy policy is creating jobs and leading to a cleaner, safer planet.  Over the past eight years, the United States has reduced our total carbon pollution more than any other nation on Earth.  But we have to act with more urgency – because a changing climate is already harming western communities struggling with drought, and coastal cities dealing with floods.  That’s why I directed my administration to work with states, utilities, and others to set new standards on the amount of carbon pollution our power plants are allowed to dump into the air.  The shift to a cleaner energy economy won’t happen overnight, and it will require tough choices along the way.  But the debate is settled.  Climate change is a fact.  And when our children’s children look us in the eye and ask if we did all we could to leave them a safer, more stable world, with new sources of energy, I want us to be able to say yes, we did.

Finally, if we are serious about economic growth, it is time to heed the call of business leaders, labor leaders, faith leaders, and law enforcement – and fix our broken immigration system.  Republicans and Democrats in the Senate have acted.  I know that members of both parties in the House want to do the same.  Independent economists say immigration reform will grow our economy and shrink our deficits by almost $1 trillion in the next two decades.  And for good reason: when people come here to fulfill their dreams – to study, invent, and contribute to our culture – they make our country a more attractive place for businesses to locate and create jobs for everyone.  So let’s get immigration reform done this year.

The ideas I’ve outlined so far can speed up growth and create more jobs.  But in this rapidly-changing economy, we have to make sure that every American has the skills to fill those jobs.

The good news is, we know how to do it.  Two years ago, as the auto industry came roaring back, Andra Rush opened up a manufacturing firm in Detroit.  She knew that Ford needed parts for the best-selling truck in America, and she knew how to make them.  She just needed the workforce.  So she dialed up what we call an American Job Center – places where folks can walk in to get the help or training they need to find a new job, or better job.  She was flooded with new workers.  And today, Detroit Manufacturing Systems has more than 700 employees.

What Andra and her employees experienced is how it should be for every employer – and every job seeker.  So tonight, I’ve asked Vice President Biden to lead an across-the-board reform of America’s training programs to make sure they have one mission: train Americans with the skills employers need, and match them to good jobs that need to be filled right now.  That means more on-the-job training, and more apprenticeships that set a young worker on an upward trajectory for life.  It means connecting companies to community colleges that can help design training to fill their specific needs.  And if Congress wants to help, you can concentrate funding on proven programs that connect more ready-to-work Americans with ready-to-be-filled jobs.

I’m also convinced we can help Americans return to the workforce faster by reforming unemployment insurance so that it’s more effective in today’s economy.  But first, this Congress needs to restore the unemployment insurance you just let expire for 1.6 million people.

Let me tell you why.

Misty DeMars is a mother of two young boys. She’d been steadily employed since she was a teenager.  She put herself through college.  She’d never collected unemployment benefits.  In May, she and her husband used their life savings to buy their first home.  A week later, budget cuts claimed the job she loved.  Last month, when their unemployment insurance was cut off, she sat down and wrote me a letter – the kind I get every day.  “We are the face of the unemployment crisis,” she wrote.  “I am not dependent on the government…Our country depends on people like us who build careers, contribute to society…care about our neighbors…I am confident that in time I will find a job…I will pay my taxes, and we will raise our children in their own home in the community we love.  Please give us this chance.”

Congress, give these hardworking, responsible Americans that chance.  They need our help, but more important, this country needs them in the game.  That’s why I’ve been asking CEOs to give more long-term unemployed workers a fair shot at that new job and new chance to support their families; this week, many will come to the White House to make that commitment real.  Tonight, I ask every business leader in America to join us and to do the same – because we are stronger when America fields a full team.

Of course, it’s not enough to train today’s workforce.  We also have to prepare tomorrow’s workforce, by guaranteeing every child access to a world-class education.

Estiven Rodriguez couldn’t speak a word of English when he moved to New York City at age nine.  But last month, thanks to the support of great teachers and an innovative tutoring program, he led a march of his classmates – through a crowd of cheering parents and neighbors – from their high school to the post office, where they mailed off their college applications.  And this son of a factory worker just found out he’s going to college this fall.

Five years ago, we set out to change the odds for all our kids.  We worked with lenders to reform student loans, and today, more young people are earning college degrees than ever before.  Race to the Top, with the help of governors from both parties, has helped states raise expectations and performance.  Teachers and principals in schools from Tennessee to Washington, D.C. are making big strides in preparing students with skills for the new economy – problem solving, critical thinking, science, technology, engineering, and math.  Some of this change is hard.  It requires everything from more challenging curriculums and more demanding parents to better support for teachers and new ways to measure how well our kids think, not how well they can fill in a bubble on a test.  But it’s worth it – and it’s working.

The problem is we’re still not reaching enough kids, and we’re not reaching them in time.  That has to change.

Research shows that one of the best investments we can make in a child’s life is high-quality early education.  Last year, I asked this Congress to help states make high-quality pre-K available to every four year-old.  As a parent as well as a President, I repeat that request tonight. But in the meantime, thirty states have raised pre-k funding on their own.  They know we can’t wait.  So just as we worked with states to reform our schools, this year, we’ll invest in new partnerships with states and communities across the country in a race to the top for our youngest children.  And as Congress decides what it’s going to do, I’m going to pull together a coalition of elected officials, business leaders, and philanthropists willing to help more kids access the high-quality pre-K they need.

Last year, I also pledged to connect 99 percent of our students to high-speed broadband over the next four years.  Tonight, I can announce that with the support of the FCC and companies like Apple, Microsoft, Sprint, and Verizon, we’ve got a down payment to start connecting more than 15,000 schools and twenty million students over the next two years, without adding a dime to the deficit.

We’re working to redesign high schools and partner them with colleges and employers that offer the real-world education and hands-on training that can lead directly to a job and career.  We’re shaking up our system of higher education to give parents more information, and colleges more incentives to offer better value, so that no middle-class kid is priced out of a college education.  We’re offering millions the opportunity to cap their monthly student loan payments to ten percent of their income, and I want to work with Congress to see how we can help even more Americans who feel trapped by student loan debt.  And I’m reaching out to some of America’s leading foundations and corporations on a new initiative to help more young men of color facing tough odds stay on track and reach their full potential.

The bottom line is, Michelle and I want every child to have the same chance this country gave us.  But we know our opportunity agenda won’t be complete – and too many young people entering the workforce today will see the American Dream as an empty promise – unless we do more to make sure our economy honors the dignity of work, and hard work pays off for every single American.

Today, women make up about half our workforce.  But they still make 77 cents for every dollar a man earns.  That is wrong, and in 2014, it’s an embarrassment. A woman deserves equal pay for equal work.  She deserves to have a baby without sacrificing her job.  A mother deserves a day off to care for a sick child or sick parent without running into hardship – and you know what, a father does, too.  It’s time to do away with workplace policies that belong in a “Mad Men” episode.  This year, let’s all come together – Congress, the White House, and businesses from Wall Street to Main Street – to give every woman the opportunity she deserves.  Because I firmly believe when women succeed, America succeeds.

Now, women hold a majority of lower-wage jobs – but they’re not the only ones stifled by stagnant wages.  Americans understand that some people will earn more than others, and we don’t resent those who, by virtue of their efforts, achieve incredible success.  But Americans overwhelmingly agree that no one who works full time should ever have to raise a family in poverty.

In the year since I asked this Congress to raise the minimum wage, five states have passed laws to raise theirs.  Many businesses have done it on their own.  Nick Chute is here tonight with his boss, John Soranno.  John’s an owner of Punch Pizza in Minneapolis, and Nick helps make the dough.  Only now he makes more of it: John just gave his employees a raise, to ten bucks an hour – a decision that eased their financial stress and boosted their morale.

Tonight, I ask more of America’s business leaders to follow John’s lead and do what you can to raise your employees’ wages.  To every mayor, governor, and state legislator in America, I say, you don’t have to wait for Congress to act; Americans will support you if you take this on.  And as a chief executive, I intend to lead by example. Profitable corporations like Costco see higher wages as the smart way to boost productivity and reduce turnover. We should too.  In the coming weeks, I will issue an Executive Order requiring federal contractors to pay their federally-funded employees a fair wage of at least $10.10 an hour – because if you cook our troops’ meals or wash their dishes, you shouldn’t have to live in poverty.

Of course, to reach millions more, Congress needs to get on board. Today, the federal minimum wage is worth about twenty percent less than it was when Ronald Reagan first stood here.  Tom Harkin and George Miller have a bill to fix that by lifting the minimum wage to $10.10.  This will help families.  It will give businesses customers with more money to spend.  It doesn’t involve any new bureaucratic program.  So join the rest of the country.  Say yes.  Give America a raise.

There are other steps we can take to help families make ends meet, and few are more effective at reducing inequality and helping families pull themselves up through hard work than the Earned Income Tax Credit.  Right now, it helps about half of all parents at some point.  But I agree with Republicans like Senator Rubio that it doesn’t do enough for single workers who don’t have kids.  So let’s work together to strengthen the credit, reward work, and help more Americans get ahead.

Let’s do more to help Americans save for retirement. Today, most workers don’t have a pension.  A Social Security check often isn’t enough on its own.  And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401ks.  That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg.  MyRA guarantees a decent return with no risk of losing what you put in.  And if this Congress wants to help, work with me to fix an upside-down tax code that gives big tax breaks to help the wealthy save, but does little to nothing for middle-class Americans.  Offer every American access to an automatic IRA on the job, so they can save at work just like everyone in this chamber can.  And since the most important investment many families make is their home, send me legislation that protects taxpayers from footing the bill for a housing crisis ever again, and keeps the dream of homeownership alive for future generations of Americans.

One last point on financial security.  For decades, few things exposed hard-working families to economic hardship more than a broken health care system.  And in case you haven’t heard, we’re in the process of fixing that.

A pre-existing condition used to mean that someone like Amanda Shelley, a physician assistant and single mom from Arizona, couldn’t get health insurance.  But on January 1st, she got covered.  On January 3rd, she felt a sharp pain.  On January 6th, she had emergency surgery.  Just one week earlier, Amanda said, that surgery would’ve meant bankruptcy.

That’s what health insurance reform is all about – the peace of mind that if misfortune strikes, you don’t have to lose everything.

Already, because of the Affordable Care Act, more than three million Americans under age 26 have gained coverage under their parents’ plans.

More than nine million Americans have signed up for private health insurance or Medicaid coverage.

And here’s another number: zero.  Because of this law, no American can ever again be dropped or denied coverage for a preexisting condition like asthma, back pain, or cancer. No woman can ever be charged more just because she’s a woman.  And we did all this while adding years to Medicare’s finances, keeping Medicare premiums flat, and lowering prescription costs for millions of seniors.

Now, I don’t expect to convince my Republican friends on the merits of this law.  But I know that the American people aren’t interested in refighting old battles.  So again, if you have specific plans to cut costs, cover more people, and increase choice – tell America what you’d do differently.  Let’s see if the numbers add up.  But let’s not have another forty-something votes to repeal a law that’s already helping millions of Americans like Amanda.  The first forty were plenty.  We got it.  We all owe it to the American people to say what we’re for, not just what we’re against.

And if you want to know the real impact this law is having, just talk to Governor Steve Beshear of Kentucky, who’s here tonight.  Kentucky’s not the most liberal part of the country, but he’s like a man possessed when it comes to covering his commonwealth’s families.  “They are our friends and neighbors,” he said.  “They are people we shop and go to church with…farmers out on the tractors…grocery clerks…they are people who go to work every morning praying they don’t get sick.  No one deserves to live that way.”

Steve’s right.  That’s why, tonight, I ask every American who knows someone without health insurance to help them get covered by March 31st.  Moms, get on your kids to sign up.  Kids, call your mom and walk her through the application.  It will give her some peace of mind – plus, she’ll appreciate hearing from you.

After all, that’s the spirit that has always moved this nation forward.  It’s the spirit of citizenship – the recognition that through hard work and responsibility, we can pursue our individual dreams, but still come together as one American family to make sure the next generation can pursue its dreams as well.

Citizenship means standing up for everyone’s right to vote.  Last year, part of the Voting Rights Act was weakened.  But conservative Republicans and liberal Democrats are working together to strengthen it; and the bipartisan commission I appointed last year has offered reforms so that no one has to wait more than a half hour to vote.  Let’s support these efforts.  It should be the power of our vote, not the size of our bank account, that drives our democracy.

Citizenship means standing up for the lives that gun violence steals from us each day.  I have seen the courage of parents, students, pastors, and police officers all over this country who say “we are not afraid,” and I intend to keep trying, with or without Congress, to help stop more tragedies from visiting innocent Americans in our movie theaters, shopping malls, or schools like Sandy Hook.

Citizenship demands a sense of common cause; participation in the hard work of self-government; an obligation to serve to our communities.  And I know this chamber agrees that few Americans give more to their country than our diplomats and the men and women of the United States Armed Forces.

Tonight, because of the extraordinary troops and civilians who risk and lay down their lives to keep us free, the United States is more secure.  When I took office, nearly 180,000 Americans were serving in Iraq and Afghanistan.  Today, all our troops are out of Iraq.  More than 60,000 of our troops have already come home from Afghanistan.  With Afghan forces now in the lead for their own security, our troops have moved to a support role. Together with our allies, we will complete our mission there by the end of this year, and America’s longest war will finally be over.

After 2014, we will support a unified Afghanistan as it takes responsibility for its own future.  If the Afghan government signs a security agreement that we have negotiated, a small force of Americans could remain in Afghanistan with NATO allies to carry out two narrow missions: training and assisting Afghan forces, and counterterrorism operations to pursue any remnants of al Qaeda.  For while our relationship with Afghanistan will change, one thing will not: our resolve that terrorists do not launch attacks against our country.

The fact is, that danger remains.  While we have put al Qaeda’s core leadership on a path to defeat, the threat has evolved, as al Qaeda affiliates and other extremists take root in different parts of the world. In Yemen, Somalia, Iraq, and Mali, we have to keep working with partners to disrupt and disable these networks. In Syria, we’ll support the opposition that rejects  the agenda of terrorist networks. Here at home, we’ll keep strengthening our defenses, and combat new threats like cyberattacks.  And as we reform our defense budget, we have to keep faith with our men and women in uniform, and invest in the capabilities they need to succeed in future missions.

We have to remain vigilant.  But I strongly believe our leadership and our security cannot depend on our military alone. As Commander-in-Chief, I have used force when needed to protect the American people, and I will never hesitate to do so as long as I hold this office.  But I will not send our troops into harm’s way unless it’s truly necessary; nor will I allow our sons and daughters to be mired in open-ended conflicts.  We must fight the battles that need to be fought, not those that terrorists prefer from us – large-scale deployments that drain our strength and may ultimately feed extremism.

So, even as we aggressively pursue terrorist networks – through more targeted efforts and by building the capacity of our foreign partners – America must move off a permanent war footing.  That’s why I’ve imposed prudent limits on the use of drones – for we will not be safer if people abroad believe we strike within their countries without regard for the consequence.  That’s why, working with this Congress, I will reform our surveillance programs – because the vital work of our intelligence community depends on public confidence, here and abroad, that the privacy of ordinary people is not being violated.  And with the Afghan war ending, this needs to be the year Congress lifts the remaining restrictions on detainee transfers and we close the prison at Guantanamo Bay – because we counter terrorism not just through intelligence and military action, but by remaining true to our Constitutional ideals, and setting an example for the rest of the world.

You see, in a world of complex threats, our security and leadership depends on all elements of our power – including strong and principled diplomacy.  American diplomacy has rallied more than fifty countries to prevent nuclear materials from falling into the wrong hands, and allowed us to reduce our own reliance on Cold War stockpiles.  American diplomacy, backed by the threat of force, is why Syria’s chemical weapons are being eliminated, and we will continue to work with the international community to usher in the future the Syrian people deserve – a future free of dictatorship, terror and fear. As we speak, American diplomacy is supporting Israelis and Palestinians as they engage in difficult but necessary talks to end the conflict there; to achieve dignity and an independent state for Palestinians, and lasting peace and security for the State of Israel – a Jewish state that knows America will always be at their side.

And it is American diplomacy, backed by pressure, that has halted the progress of Iran’s nuclear program – and rolled parts of that program back – for the very first time in a decade.  As we gather here tonight, Iran has begun to eliminate its stockpile of higher levels of enriched uranium.  It is not installing advanced centrifuges.  Unprecedented inspections help the world verify, every day, that Iran is not building a bomb.  And with our allies and partners, we’re engaged in negotiations to see if we can peacefully achieve a goal we all share: preventing Iran from obtaining a nuclear weapon.

These negotiations will be difficult.  They may not succeed.  We are clear-eyed about Iran’s support for terrorist organizations like Hezbollah, which threaten our allies; and the mistrust between our nations cannot be wished away.  But these negotiations do not rely on trust; any long-term deal we agree to must be based on verifiable action that convinces us and the international community that Iran is not building a nuclear bomb.  If John F. Kennedy and Ronald Reagan could negotiate with the Soviet Union, then surely a strong and confident America can negotiate with less powerful adversaries today.

The sanctions that we put in place helped make this opportunity possible.  But let me be clear: if this Congress sends me a new sanctions bill now that threatens to derail these talks, I will veto it.  For the sake of our national security, we must give diplomacy a chance to succeed.  If Iran’s leaders do not seize this opportunity, then I will be the first to call for more sanctions, and stand ready to exercise all options to make sure Iran does not build a nuclear weapon.  But if Iran’s leaders do seize the chance, then Iran could take an important step to rejoin the community of nations, and we will have resolved one of the leading security challenges of our time without the risks of war.

Finally, let’s remember that our leadership is defined not just by our defense against threats, but by the enormous opportunities to do good and promote understanding around the globe – to forge greater cooperation, to expand new markets, to free people from fear and want.  And no one is better positioned to take advantage of those opportunities than America.

Our alliance with Europe remains the strongest the world has ever known.  From Tunisia to Burma, we’re supporting those who are willing to do the hard work of building democracy.  In Ukraine, we stand for the principle that all people have the right to express themselves freely and peacefully, and have a say in their country’s future.  Across Africa, we’re bringing together businesses and governments to double access to electricity and help end extreme poverty.  In the Americas, we are building new ties of commerce, but we’re also expanding cultural and educational exchanges among young people.  And we will continue to focus on the Asia-Pacific, where we support our allies, shape a future of greater security and prosperity, and extend a hand to those devastated by disaster – as we did in the Philippines, when our Marines and civilians rushed to aid those battered by a typhoon, and were greeted with words like, “We will never forget your kindness” and “God bless America!”

We do these things because they help promote our long-term security.  And we do them because we believe in the inherent dignity and equality of every human being, regardless of race or religion, creed or sexual orientation.  And next week, the world will see one expression of that commitment – when Team USA marches the red, white, and blue into the Olympic Stadium – and brings home the gold.

My fellow Americans, no other country in the world does what we do.  On every issue, the world turns to us, not simply because of the size of our economy or our military might – but because of the ideals we stand for, and the burdens we bear to advance them.

No one knows this better than those who serve in uniform.  As this time of war draws to a close, a new generation of heroes returns to civilian life.  We’ll keep slashing that backlog so our veterans receive the benefits they’ve earned, and our wounded warriors receive the health care – including the mental health care – that they need.  We’ll keep working to help all our veterans translate their skills and leadership into jobs here at home.  And we all continue to join forces to honor and support our remarkable military families.

Let me tell you about one of those families I’ve come to know.

I first met Cory Remsburg, a proud Army Ranger, at Omaha Beach on the 65th anniversary of D-Day.  Along with some of his fellow Rangers, he walked me through the program – a strong, impressive young man, with an easy manner, sharp as a tack.  We joked around, and took pictures, and I told him to stay in touch.

A few months later, on his tenth deployment, Cory was nearly killed by a massive roadside bomb in Afghanistan. His comrades found him in a canal, face down, underwater, shrapnel in his brain.

For months, he lay in a coma.  The next time I met him, in the hospital, he couldn’t speak; he could barely move.  Over the years, he’s endured dozens of surgeries and procedures, and hours of grueling rehab every day.

Even now, Cory is still blind in one eye.  He still struggles on his left side.  But slowly, steadily, with the support of caregivers like his dad Craig, and the community around him, Cory has grown stronger. Day by day, he’s learned to speak again and stand again and walk again – and he’s working toward the day when he can serve his country again.

“My recovery has not been easy,” he says. “Nothing in life that’s worth anything is easy.”

Cory is here tonight.  And like the Army he loves, like the America he serves, Sergeant First Class Cory Remsburg never gives up, and he does not quit.

My fellow Americans, men and women like Cory remind us that America has never come easy.  Our freedom, our democracy, has never been easy.  Sometimes we stumble; we make mistakes; we get frustrated or discouraged.  But for more than two hundred years, we have put those things aside and placed our collective shoulder to the wheel of progress – to create and build and expand the possibilities of individual achievement; to free other nations from tyranny and fear; to promote justice, and fairness, and equality under the law, so that the words set to paper by our founders are made real for every citizen.  The America we want for our kids – a rising America where honest work is plentiful and communities are strong; where prosperity is widely shared and opportunity for all lets us go as far as our dreams and toil will take us – none of it is easy.  But if we work together; if we summon what is best in us, with our feet planted firmly in today but our eyes cast towards tomorrow – I know it’s within our reach.

Believe it.

God bless you, and God bless the United States of America.

Saturday, January 11, 2014

STATEMENT BY LABOR SECRETARY PEREZ REGARDING DECEMBER EMPLOYMENT

FROM:  LABOR DEPARTMENT 

Statement of Labor Secretary Perez on December employment numbers
WASHINGTON — Secretary of Labor Thomas E. Perez issued the following statement about the December 2013 Employment Situation report released today:
"The U.S. economy closed out 2013 by adding 74,000 jobs, bringing the 2013 total to nearly 2.2 million new jobs. With 87,000 new private-sector jobs in December, that makes 8.2 million jobs created by the private sector over the last 46 straight months. The December unemployment rate fell to 6.7 percent.

"The economy continues to recover, but we are clearly not out of the woods. Far too many Americans are still struggling to find jobs and secure a foothold in the middle class. Long-term unemployment in particular remains a persistent challenge, stuck at a staggering high: 3.9 million Americans, representing 37.7 percent of all unemployed workers, have been unemployed for at least 27 weeks.
"I've met recently with many of them — hard-working Americans who, despite their most diligent efforts, have just been unable to find work, some for as long as a few years. Their lives are a daily struggle, as they rapidly deplete their savings and face looming foreclosure on their homes. One woman described keeping her thermostat at 58 degrees, wearing a coat and hat around the house, to cut back on heating costs. They are not lazy or complacent; they want nothing more than the dignity of work. But they're caught in a terrifying spiral: the longer you've been out of a job, the harder it is to get a job.

"To give them the immediate relief they so badly need, the first order of business for Congress is to pass an extension of emergency unemployment benefits that expired on Dec. 28 for 1.3 million people. It's the right thing to do to extend a lifeline to fellow Americans down on their luck, and it's the smart thing to do to stimulate the economy.

"But we need to go beyond stopgap measures. The best way to help unemployed Americans is to create jobs and grow the economy at a faster clip. Last month's bipartisan budget deal demonstrated that members of Congress can muster the will to agree on constructive solutions to tough problems. In that same spirit, they must now get to work on the middle-class jobs agenda put forward by President Obama. Let's resolve in the New Year to fix our broken immigration system, invest in education and skills development, rebuild our infrastructure, increase the minimum wage and take other steps to create and expand opportunity for the American people."

Sunday, November 10, 2013

LABOR SECRETARY PEREZ MAKES STATEMENT REGARDING OCTOBER EMPLOYMENT

FROM:  U.S. LABOR DEPARTMENT 
Statement of Labor Secretary Perez on October employment numbers

WASHINGTON — U.S. Secretary of Labor Thomas E. Perez issued the following statement about the October 2013 Employment Situation report released today:
"The American economy is resilient. Today's jobs report demonstrates continued steady growth, with the addition of 212,000 total private sector jobs in October. The unemployment rate, which fell in September to a nearly-five year low of 7.2 percent, remains essentially unchanged at 7.3 percent, while American manufacturers added 19,000 jobs in the month of October.

"But while American businesses continue to add jobs — 7.8 million over the last 44 months of private sector job growth — they do so in spite of Congress, not because of it. October's job growth was undoubtedly restrained by the brinksmanship and uncertainty created by the federal government shutdown and the near-default on the nation's debt.

"The American economy is resilient, but it is not immune to manufactured crises. We see signs that suggest the shutdown had a discouraging effect on America's continued recovery. We remain concerned about the drop in the labor force participation rate, and American workers on temporary layoffs rose by nearly 448,000, the largest monthly increase in the history of that series of data.
"The American people deserve leadership that focuses on growing the economy, not holding it hostage. Let's keep our eye on the ball by passing immigration reform, which has bipartisan support and would inject a trillion dollars into the economy, and investing in infrastructure upgrades that would create thousands of middle class jobs right now. Instead of erecting political roadblocks, let's work together to pave bipartisan roads to full recovery.

"Today's employment numbers are a reminder that while the economy continues to grow and create new jobs, it remains on uncertain footing. Too many Americans still find the rungs on the ladder of opportunity beyond their reach. We need to move forward with common-sense proposals that will create jobs, strengthen the middle class, reduce our deficit and expand opportunity for American families. The President and I stand ready to work with Congress to do just that."

Friday, April 6, 2012

WHITE HOUSE COMMENTS ON MARCH UNEMPLOYMENT FIGURES


FROM THE WHITE HOUSE
The Employment Situation in March
There is more work to be done, but today’s employment report provides further evidence that the economy is continuing to recover from the worst economic downturn since the Great Depression. It is critical that we continue to make smart investments that strengthen our economy and lay a foundation for long-term middle class job growth so we can continue to dig our way out of the deep hole that was caused by the severe recession that began at the end of 2007.

Employer payrolls increased by 121,000 jobs in March, according to the Bureau of Labor Statistics’ establishment survey. The unemployment rate ticked down to 8.2% in March, according to the household survey.  However, employment was virtually unchanged in the household survey.

Both surveys indicate the continuing challenges facing construction workers, as a result of the collapse in homebuilding following the bursting of the housing bubble.  The unemployment rate for construction workers stands at 17.2%, more than double the national average.  Because of weak private sector demand for construction investment and the nation’s continuing need for improved infrastructure, including maintenance of existing highways, bridges, and ports, the President’s Budget proposal to increase and modernize the nation’s infrastructure is well targeted to support the economy today and in the future.
Despite adverse shocks that have created headwinds for economic growth, including weak construction investment, the economy has added private sector jobs for 25 straight months, for a total of 4.1 million jobs over that period.

Manufacturing continues to be a bright spot and added 37,000 jobs in March.  After losing millions of good manufacturing jobs in the years before and during the recession, the economy has added 466,000 manufacturing jobs in the past 25 months—the strongest growth for any 25 month period since September 1995.  To continue the revival in manufacturing jobs and output, the President has proposed tax incentives for manufacturers, enhanced training for the workforce, and measures to create manufacturing hubs.

Other sectors with net job increases included leisure and hospitality (+39,000), professional and business services (+31,000), and financial activities (+15,000).  Retail trade lost 33,800 jobs, construction lost 7,000 jobs, and government lost 1,000 jobs.  State and local government job losses have moderated in recent months.  Almost three-quarters of the slower job growth in March relative to February was due to slower growth in temporary help services and health care and day care services.

As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision. Therefore, it is important not to read too much into any one monthly report, and it is helpful to consider each report in the context of other data that are becoming available.
   
                                                                   ALAN KRUEGER

Thursday, March 8, 2012

SEASONALLY ADJUSTED UNEMPLOYMENT ROSE BY 8,000 LAST WEEK


The following excerpt is from the Department of Labor website:
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
          SEASONALLY ADJUSTED DATA

In the week ending March 3, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 8,000 from the previous week's revised figure of 354,000. The 4-week moving average was 355,000, an increase of 250 from the previous week's revised average of 354,750.
The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending February 25, unchanged from the prior week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending February 25, was 3,416,000, an increase of 10,000 from the preceding week's revised level of 3,406,000. The 4-week moving average was 3,417,500, a decrease of 27,500 from the preceding week's revised average of 3,445,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 365,754 in the week ending March 3, an increase of 31,513 from the previous week. There were 407,299 initial claims in the comparable week in 2011.
The advance unadjusted insured unemployment rate was 3.1 percent during the week ending February 25, unchanged from the prior week's unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,979,563, an increase of 97,038 from the preceding week. A year earlier, the rate was 3.6 percent and the volume was 4,460,146.
The total number of people claiming benefits in all programs for the week ending February 18 was 7,387,648, a decrease of 111,222 from the previous week.
Extended benefits were available in Alabama, Alaska, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Washington, West Virginia, and Wisconsin during the week ending February 18.
Initial claims for UI benefits by former Federal civilian employees totaled 1,136 in the week ending February 25, a decrease of 133 from the prior week. There were 2,286 initial claims by newly discharged veterans, a decrease of 176 from the preceding week.
There were 27,150 former Federal civilian employees claiming UI benefits for the week ending February 18, a decrease of 1,520 from the previous week. Newly discharged veterans claiming benefits totaled 41,594, a decrease of 576 from the prior week.
States reported 2,929,210 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending February 18, an increase of 24,377 from the prior week. There were 3,600,522 claimants in the comparable week in 2011. EUC weekly claims include first, second, third, and fourth tier activity.
The highest insured unemployment rates in the week ending February 18 were in Alaska (6.5), Rhode Island (4.6), Montana (4.5), Wisconsin (4.5), Idaho (4.4), Oregon (4.4), Pennsylvania (4.4), New Jersey (4.2), Puerto Rico (4.2), Massachusetts (4.0), and Michigan (4.0).
The largest increases in initial claims for the week ending February 25 were in Massachusetts (+3,475), Rhode Island (+1,275), New Jersey (+1,274), Connecticut (+1,186), and Michigan (+564), while the largest decreases were in California (-4,531), Pennsylvania (-2,238), Texas (-1,535), New York (-1,321), and Florida (-1,124). 

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