Last week, the unemployment rate dropped to 9.7 percent, and the economy added over 400,000 jobs. Since the beginning of last year, we have added an average of 200,000 jobs a month. Unemployment rates dropped in 90 percent of the Nation's largest metro areas, with much of the improvement seen in the manufacturing sector instead of outsourcing like it was done in the past administration. And thanks in large part to the first-time home buyers tax credit, home sales rose in April as well. But while our economy is showing signs of progress, our work is far from over. We must continue to focus on solid, job-creating bills that will help our economy move forward. Yet even though progress has been made, Republicans want to continue to side with Wall Street and the big banks that caused the crisis. Saying 'no' over and over again is not progress; it is destructive. Democrats are committed to keep on working and focusing on initiatives that will correct the failed policies of the past, but we all must work together.
Editor's note · Context
The speaker discusses recent economic improvements and the need for continued legislative action.
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