President Obama's Weekly Address: Improving Economic Security by Strengthening and Modernizing the Unemployment Insurance System
The White House
January 16, 2016
Hi, everybody. On Tuesday, I gave my final State of the Union Address. And a focus was this: how do we make the new economy work better for everyone, not just those at the top?
After the worst economic crisis of our lifetimes, we’re in the midst of the longest streak of private-sector job growth in our history. More than 14 million new jobs. An unemployment rate cut in half. At the same time, our economy continues to go through profound changes that began long before the Great Recession hit. It’s changed to the point where even when folks have jobs; even when the economy is growing; it’s harder for hardworking families to pull themselves out of poverty, harder for young people to start out on their careers, and tougher for workers to retire when they want to.
That’s a big part of the reason a lot of working families are feeling anxious. And it offends our fundamentally American belief that every…