For Immediate Release
April 28, 2009
BEFORE MEETING WITH SENIOR FBI OFFICIALS
11:13 A.M. EDT
The unemployment rate has fallen rapidly since mid-2013 to reach 6.2 percent in July, 1.1 percentage point less than a year ago. Much of the decline in the unemployment rate has come as a result of declines in long-term unemployment; in fact, falling long-term unemployment accounts for more than 60 percent of the drop in the overall unemployment rate in the last 12 months.
In this week's address, the President wished Americans a happy Labor Day weekend, highlighted the important economic progress we've made, and reaffirmed his commitment to accelerate our progress and ensure that our growing economy fuels a strong middle class.
This week, the White House celebrated Women's Equality Day, the National Park Service celebrated its 98th birthday, and President Obama addressed the American Legion, the nation's largest veteran service organization.