The White House Blog

The worst economic crisis since the Great Depression didn’t develop overnight, and it won’t be solved overnight. But while we have a long way to go, over the past 27 months, American companies have added more than 4.3 million jobs. Behind that number are countless small businesses – entrepreneurs with bold ideas and a willingness to dream big. 

President Obama knows that small business owners are the engines of our economy. That’s why he has signed 18 new small business tax cuts into law. As our country continues to recover from the worst recession since the Great Depression, we must continue to support and celebrate America’s job creators. 

That’s why StartUp America, the Council on Women and Girls and the White House Business Council have put together an interactive tool to introduce you to some of the women entrepreneurs who are helping our country succeed. Some of these small business owners are on the cutting edge of social media, advanced manufacturing and biotechnology. Others have opened traditional “main street” establishments, such as stores and restaurants. All of them have created jobs, and made their communities better places to work and live. 

It's 2012, but did you know that women are still paid less than men?

On average, full-time working women earn just 77 cents for every dollar a man earns, a wage gap that exists regardless of personal choices like education or occupation. Over the course of her career, a woman with a college degree will earn hundreds of thousands of dollars less than a man who does the same work.  

This substantial gap is more than a statistic -- it has real life consequences. When women, who make up nearly half the workforce, bring home less money each day, it means they have less for the everyday needs of their families, and over a lifetime of work, far less savings for retirement.

President Obama supports passage of the Paycheck Fairness Act, which Congress puts to a vote on June 5. This comprehensive and commonsense bill updates and strengthens the Equal Pay Act of 1963, which made it illegal for employers to pay unequal wages to men and women who perform substantially equal work.  

We’ve created some ecards that you can send via email or share on social media with reasons equal pay for equal work is essential. Pick your favorite, or send them all!

Problems in the job market were long in the making and will not be solved overnight. The economy lost jobs for 25 straight months beginning in February 2008, and over 8 million jobs were lost as a result of the Great Recession.  We are still fighting back from the worst economic crisis since the Great Depression. 

Today we learned that the economy has added private sector jobs for 27 straight months, for a total of 4.3 million payroll jobs over that period. The economy is growing but it is not growing fast enough. BLS’s establishment survey shows that private businesses added 82,000 jobs last month, and overall non-farm payroll employment rose by 69,000. The unemployment rate ticked up from 8.1 percent in April to 8.2 percent in May, according to BLS’s household survey. However, the labor force participation rate increased 0.2 percentage point to 63.8 percent, and employment rose by 422,000 according to the household survey. 

There is much more work that remains to be done to repair the damage caused by the financial crisis and deep recession that began at the end of 2007. Just like last year at this time, our economy is facing serious headwinds, including the crisis in Europe and a spike in gas prices that hit American families’ finances over the past months.  It is critical that we continue the President’s economic policies that are helping us dig our way out of the deep hole that was caused by the severe recession. 

In the American Jobs Act and in the State of the Union Address, the President put forward a number of proposals to create jobs and strengthen the economy, including proposals that would put teachers back in the classroom and cops on the beat, and put our nation’s construction workers back on the job rebuilding our nation’s infrastructure.  The President has also proposed a “To-Do List” of actions that Congress should take to create jobs and help restore middle-class security.  This includes eliminating tax incentives to ship jobs overseas, cutting red tape so responsible homeowners can refinance, giving small businesses that increase employment or wages a 10 percent income tax credit, investing in affordable clean energy, and helping returning veterans find work.  The President is in Minneapolis today to announce a new executive action that will establish private sector partnerships to help military service members acquire recognized occupational credentials—as welders, as machinists, and ultimately in a broader range of occupations. These partnerships will help service members find private sector jobs once they leave the military, and they will help firms in manufacturing and other industries that need workers to fill their vacant positions. 

Manufacturing employment continues to expand and manufacturers added 12,000 jobs in May. After losing millions of good manufacturing jobs in the years before and during the recession, the economy has added 495,000 manufacturing jobs since January 2010--the strongest growth for any 28-month period since April 1995.  To continue the revival in manufacturing jobs and output, the President has proposed tax incentives for manufacturers, enhanced training for the workforce, and measures to create manufacturing hubs and encourage the growing trend of insourcing. 

Other sectors with net job increases included education and health services (+46,000), transportation and warehousing (+35,600), wholesale trade (+15,900), and temporary help services (+9,200). Construction lost 28,000 jobs, accounting services lost 14,000 jobs, government lost 13,000 jobs, and leisure and hospitality lost 9,000 jobs.  State and local governments shed 8,000 jobs, mostly in education. 

As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision.  Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.

President Barack Obama and First Lady Michelle Obama host a ceremony on the occasion of the unveiling of the official portraits of former President George W. Bush and former First Lady Laura Bush, in the East Room of the White House, May 31, 2012. (Official White House Photo by Lawrence Jackson)

Today marked a rare moment in White House history -- three different Presidents came together to unveil the official portraits of President George W. Bush and Laura Bush.

President Obama and First Lady Michelle Obama hosted the event. President George H.W. Bush and Barbara Bush were in attendance.

And as Presidents 44 and 43 spoke, each had warm words for the other.

"George, I will always remember the gathering you hosted for all the living former Presidents before I took office, your kind words of encouragement," President Obama said. "Plus, you also left me a really good TV sports package."

When it was President Bush's turn to speak, he also had a thought for his successor.

"I am also pleased, Mr. President, that when you are wandering these halls as you wrestle with tough decisions, you will now be able to gaze at this portrait and ask, what would George do?" he said.

By tradition, the paintings are commissioned by the White House Historical Association, which in turn presents the portraits to the White House. Each President chooses the artists tasked with painting his likeness.

Ed. Note: This op-ed first ran in The Grio

Throughout his distinguished career, Bob Herbert has helped shine a spotlight on the lives of Americans living in poverty – a group that is too often ignored. That was certainly true of his May 21st column, in which he told the story of 20 poor children from the Bronx who are growing up in truly appalling conditions. It was heartbreaking to hear about the children Mr. Herbert met: The girl who told him, “I never feel safe.” The child who said she felt there was no purpose to her existence. The stories they told about too many shootings, and too few jobs.

Mr. Herbert expressed understandable frustration that our political discourse rarely focuses on the notion that the American dream is closed off to far too many of our citizens. But when Mr. Herbert suggested that President Obama has “given up” on the idea of opportunity and upward mobility, he was simply wrong.

There’s a basic bargain in America. It says that no matter who you are or where you’re from, if you’re willing to work hard and play by the rules you should be able to find a good job, feel secure in your community, and support a family. I have worked in the White House since the day President Obama took office. At every juncture-every big decision, every major policy development, every negotiation -- I have seen President Obama fight for the things that help our country preserve that bargain for all Americans, rich or poor.

Last weekend, Vice President Biden delivered the commencement address to the graduating seniors at U.S. Military Academy.

He told the Class of 2012 that they are joining a proud tradition:

West Point has prepared you to lead us to face these new challenges, some of which we have yet to even contemplate, let alone encounter.  Because as I said at the start, you are not only strong and committed, you are also some of our nation’s sharpest minds, with the training to take today’s missions -- counterinsurgency, counterterrorism, training foreign armies -- and the minds to adapt to tomorrow’s horizons, from cyberspace to outer space.

There is such a proud history here. Such a proud tradition. And I have no doubt that many of you in this class are not only going to make extraordinary contributions to the military but also to civilian life because West Point is in the business of producing -- not only great officers –- it produces great leaders and great Americans.

As President Theodore Roosevelt said, upon West Point’s Centennial, 110 years ago next month, he said: “Your duty here at West Point has been to fit men to do well in war.  But it is a noteworthy fact that you also have fitted them to do singularly well in peace. The highest positions in the land have been held, not exceptionally, but again and again by West Pointers.” West Pointers who have risen to the first rank in all occupations of civilian life.

Were he here today he’d only alter that quote slightly –- young men and women are prepared to do that. 

Read the Vice President's full remarks here.

When President Obama presented John Glenn with the Presidential Medal of Freedom, he highlighted the incredible contributions the Senator from Ohio -- and former astronaut - has made to this country:

On the morning that John Glenn blasted off into space, America stood still. And for half an hour, the phones stopped ringing in Chicago police headquarters, and New York subway drivers offered a play-by-play account over the loudspeakers. President Kennedy interrupted a breakfast with congressional leaders and joined 100 million TV viewers to hear the famous words, “Godspeed, John Glenn.” The first American to orbit the Earth, John Glenn became a hero in every sense of the word, but he didn't stop there serving his country. As a senator, he found new ways to make a difference. And on his second trip into space at age 77, he defied the odds once again. But he reminds everybody, don’t tell him he’s lived a historic life. He says, “Are living.”  He’ll say, “Don’t put it in the past tense.”  He’s still got a lot of stuff going on."

Watch as John Glenn describes his hope that the example set by the Medal of Freedom winners will encourage children to embrace their curiosity:

Last week, state and district education leaders from across the country traveled to Cincinnati, Ohio to share their stories, strategies, and best practices around a topic in education that seldom sees the spotlight: labor-management collaboration. For a second time, the U.S. Department of Education partnered with national education organizations, including the American Association of School Administrators, American Federation of Teachers, Council of the Great City Schools, Council of Chief State School Officers, Federal Mediation and Conciliation Service, National Education Association, and National School Boards Association, to host a major convening centered on changing the way that school administrators, board members, and union leaders work together to improve teaching and learning.

While news headlines tend to focus on the challenges of collaboration among these parties, for the State and school district teams journeying to Cincinnati, collaboration is an essential “part of the job”—and one that helps them meet the needs of both teachers and students. Particularly in today’s tough economic climate, these leaders maintain that increased collaboration, shared responsibility, and joint decision-making all produce thoughtful and creative solutions to meet a common agenda.

Like last year, the conference’s national co-sponsors are not only encouraging and supporting states’ and districts’ collaborative efforts—they are modeling the same student-centered, action-oriented relationships at the national level. At the opening of the event, Secretary of Education Arne Duncan joined leaders of the seven other co-sponsoring organizations in signing a shared vision for the future of the teaching profession that sets out common goals around increased student achievement, equity, and global competitiveness, and addresses seven core elements of a transformed teaching profession, including a culture of shared responsibility and leadership, continuous growth and improvement, professional career continuums with competitive compensation, and engaged communities.

This week, President Obama didn't just celebrate Memorial Day. He spoke at the Vietnam Memorial to commemorate the 50th anniversary of that war and those who served in it.

We've put together a video to show you some of the highlights from the President's speech and to help tell the patriotic and courageous story of those who served in Vietnam.

Check it out: