Statement on the National Economy

Today's employment report shows that since the start of our administration, the economy has created 7 million jobs, with over 92 percent of them created in the private sector. When I ran for President, I stated that this country must have a strategy to strengthen and restore the American dream and that a core element of this strategy must be to create more and better jobs for hardworking Americans.

Seven million jobs in 30 months is very good news, but still not good enough: millions of families are still working harder than ever just to stay in place. In order to increase incomes for hardworking Americans, we must remain committed to a broadbased economic strategy to reward work, balance the budget, open markets for American goods, invest in education and training, target tax cuts to helping families invest in their futures, and take serious steps to health reform while protecting Medicare.