President to announce additional ideas about growing economy
In his weekly address, President Obama said the jobs numbers released indicate that the job loss trend is improving, but that his administration remains committed to accelerating these trends and putting more Americans back to work. Next week, the President will announce additional ideas about growing the economy and adding jobs to our economy.
Every month since January, when I became your President, I've spoken to you about the periodic reports of the Labor Department on the number of jobs created or lost during the previous month; numbers that tell a story about how America's economy is faring overall.
In those first months, the numbers were nothing short of devastating. The worst recession since the 1930s had wreaked havoc on the lives of so many of our fellow Americans. The numbers released by the Labor Department reflected a continuing positive trend of diminishing job loss.
But for those who were laid off last month and the millions of Americans who have lost their jobs in this recession, a good trend isn't good enough. Trends don't buy the groceries. Trends don't pay the rent or a college tuition. Trends don't fulfill the need within each of us to be productive, to provide for our families, to make the most of our lives, to reach for our dreams.
So, it is true that we, as a country, are in a very different place than we were when 2009 began. Because of the Recovery Act and a number of other steps we've taken, we're no longer facing the potential collapse of our financial system or a second Great Depression. We're no longer losing jobs at a rate of 700,000 a month. And our economy's growing for the first time in a year.
But too many of our neighbors are still out of work because the growth we've seen hasn't yet translated into all the jobs we need. Stung by this brutal recession, businesses that have kept their doors open are still wary about adding workers. Instead of hiring, many are simply asking their employees to work more hours, or they're adding temporary help.
History tells us this is usually what happens with recessions – even as the economy grows, it takes time for jobs to follow. But the folks who have been looking for work without any luck for months and, in some cases, years, can't wait any longer. For them, I'm determined to do everything I can to accelerate our progress so we're actually adding jobs again.
That's why, this week, I invited a group of business owners from across the country to the White House to talk about additional steps we can take to help jumpstart hiring. We brought together unions and universities to talk about what we can do to support our workers today and prepare our students to outcompete workers around the world tomorrow. We brought together mayors and community leaders to talk about how we can open up new opportunities in our cities and towns.
On Friday, I spent the day in Allentown, Pennsylvania, and met with workers and small business owners there. I stopped by a steel company called Allentown Metal Works, and spoke at Lehigh Community College. I visited folks at a job placement center, and stopped by a shift change at Alpo. The stories and concerns I heard mirrored the countless letters I receive every single day. And they speak louder than any statistic or government report. The folks in Allentown – and in all the Allentowns across our country – are the most dedicated, productive workers in the world. All they're asking for is a chance, and a fair shake.