Except it won’t.
President Obama’s weekly remarks:
Hi, everybody. Yesterday, we learned that in 2013, our businesses created 2.2 million new jobs — including 87,000 last month. Our unemployment rate is the lowest it has been since October 2008. And across our broader economy, there are signs of progress. Our manufacturing and housing sectors are rebounding. Our energy, technology, and auto sectors are booming.
Thanks in part to the reforms in the Affordable Care Act, health care costs now eat up less of our economy — over the past four years, costs have grown at the slowest rate on record. And since I took office, we’ve cut our deficits by more than half.
Thanks to the hard work and sacrifice of the American people, our economy is growing stronger. But we know we’ve got more work to do together. Our success as a country depends on more than the success of our broader economy — it depends on the success of the American people. It depends on your ability to make ends meet, provide for your families, and, with a little hard work, feel like you can get ahead.
So we’ve got to keep our economy growing, and make sure more Americans have the opportunity to share in that growth. We’ve got to keep creating jobs that offer new opportunity, and make sure those jobs offer the wages and benefits that let you rebuild some security. We’ve got more kids to educate, and families to get covered with health insurance, and an immigration system to fix. And we’ve got to make sure this recovery leaves no one behind.
This will be a year of action. I’ll keep doing everything I can to create new jobs and new opportunities for American families — with Congress, on my own, and with everyone willing to play their part. And that action should begin by extending unemployment insurance for Americans who were laid off in the recession through no fault of their own. This vital economic lifeline helps people support their families while they look for a new job.