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Address: Ensuring Americans Feel the Gains of a Growing Economy
December 6, 2014
Hi, everybody. Just in time for the holiday season, we now
have another piece of good news about the pace of our economic recovery.
Last month, our businesses
created 314,000 new jobs. And that’s not
a fluke – it keeps up the solid pace of job creation we’ve seen all year
long. November was the tenth month in a
row we’ve added more than 200,000 jobs.
So far this year, our economy has created 2.65 million new jobs. That’s the most of any year since the 1990s –
even with a full month to go. All told,
our businesses have created 10.9 million new jobs over the past 57 months. And that’s the longest streak of
private-sector job creation on record.
We also know that the upswing in
job growth this year has come in industries with higher wages. Overall wages are on the rise. And that’s some very welcome news for
millions of hardworking Americans.
Because even though corporate profits and the stock market have hit
all-time highs, the typical family isn’t bringing home more than they did 15
years ago. And that still has to
change. And a vibrant jobs market gives
us the opportunity to keep up this progress, and begin to undo that decades-long
middle-class squeeze.
But first, we need the outgoing
Congress to pass a budget and keep our government open. A Christmas shutdown is not a good idea. Then, when the new Congress convenes in
January, we need to work together to invest in the things that support faster
growth in higher-paying jobs.
Building new roads and bridges
creates jobs. Growing our exports
creates jobs. Reforming our outdated tax
system and our broken immigration system creates jobs. Raising the minimum wage
would benefit nearly 28 million American workers, giving them more money to
spend at local businesses – and that helps those businesses create jobs.
America, we still have a lot of
work to do together. But we do have
real, tangible evidence of our progress.
10.9 million new jobs. 10 million
more Americans with health insurance.
Manufacturing has grown. Our
deficits have shrunk. Our dependence on
foreign oil is down. Clean energy is
up. More young Americans are graduating
from high school and earning college degrees than ever before. Over the last four years, this country has
put more people back to work than Europe, Japan, and every advanced economy
combined.
The United States of America
continues to outperform much of the world.
And we are going to keep it up until every American feels the gains of a
growing economy where it matters most – in your own lives.
Thanks, and have a great weekend. |
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