Oakdale, Pennsylvania (CNN) - Hoping to help close the gap between workers' skills and the needs of businesses, President Barack Obama on Wednesday announced he's putting hundreds of millions toward job training programs that produce highly skilled workers.
“When it comes to training our workers, not all of today's good jobs require a four-year college degree, but I promise there's not a job out there that's going to pay a lot if you don't have some sort of specialized training,” Obama said. “So our best bet is keeping ahead in the skills race and you see what happens when we put effort into making sure workers have new skills, the education that's required for this 21st century economy.”
(CNN) - In their weekly addresses, the White House and the Republican Party described different visions for how to fix an economy that still struggles to show consistent growth.
Friday's monthly jobs report showed the economy picking up slightly after a lull over the winter, but signaled that a healthy jobs market is still years away.
President Obama, in his weekly address from the White House, pushed for job creation and training, access to education and raising the minimum wage, while Sen. Tim Scott, R-South Carolina, in the GOP's weekly address, blamed Democrats for an approach that he says throws "billions of dollars each year" at problems in the job market without making fundamental improvements.
Winter over for Democrats? The U.S. economy added 192,000 jobs and the unemployment rate held steady at 6.7% in March, according to data released by the Bureau of Labor Statistics on Friday morning. The figure is just shy of expectations for 200,000 jobs to be created. The idea had been that the warming weather will help kick-start the job market, and Democrats hope that with it will come a sunnier outlook for them, too.
The cold and snow, punctuated by the Polar Vortex, had kept earlier 2014 reports below expectations.
The control that presidents have over the economy is generally overstated. But it’s a harsh truth of politics that they unfairly take the blame when things go bad and unfairly get credit when things go well. President Obama, with his low approval rating and with Democrats’ bleak prospects heading into the 2014 midterm elections this fall, will take any kind of credit he can get.
Pair the decent jobs numbers with the news this week that Obamacare - once thought to be on life support - reached (and even exceeded a tiny bit) it’s original goal of enrolling 7 million people in private insurance, and that makes a pretty good week for the President and his party.
Washington (CNN) – President Barack Obama will announce Tuesday two new private-public partnerships meant to spur high-quality manufacturing jobs in Chicago and Detroit.
A White House official told CNN that the announcement will pave the way for two "innovation institutes" led by the Defense Department and supported by $280 million - half from the federal government and half from private partners.
Washington (CNNMoney) – Hiring continued at a slow pace in August, and the unemployment rate fell as more Americans dropped out of the labor force.
The U.S. economy added 169,000 jobs in August, the Department of Labor said Friday.FULL STORY
New York (CNNMoney) - The job market hit a speed bump in July, as hiring slowed and both hours worked and wages fell slightly.
The U.S. economy added 162,000 jobs in July, falling below forecasts. Economists surveyed by CNNMoney had predicted employers would add 180,000 jobs.FULL STORY
Updated at 2:58 p.m. ET on 7/30
(CNN) – A new plan from President Barack Obama that would alter the corporate tax code while investing in job creation is a deal that any "serious" lawmaker could sign onto, the president argued in Tennessee Tuesday.
What Obama called a "grand bargain" is being proposed in a bid to break partisan gridlock currently plaguing attempts to pass major legislation in Washington, though congressional Republicans signaled on Tuesday they were unlikely to back the plan, which the president announced at an Amazon.com distribution center in Chattanooga.
(CNN) – As President Barack Obama flew to Tennessee Tuesday to announce a new proposal to spur job growth, Republicans in Washington were already characterizing the plan as a one-sided dud.
On Twitter, a spokesman for House Speaker John Boehner said his office first learned of the so-called "grand bargain" proposal through media reports.
In case you were curious, we heard about this "grand bargain" offer from the AP wire.—
Brendan Buck (@Brendan_Buck) July 30, 2013
(CNN) – President Barack Obama will hit the road again to talk about jobs and the economy, resetting the message amid a busy summer that's so far been dominated by immigration reform efforts, the IRS scandal, national security leaks and the president's trips to Europe and Africa.
Obama will return to Knox College in Galesburg, Illinois on Wednesday to kick off a series of speeches about his economic plan, White House senior adviser Dan Pfeiffer wrote in an e-mail to supporters Sunday evening.
Washington (CNN) – Both the White House and Republicans are weighing in on the new unemployment report. And as expected, their reactions were completely different.
The U.S. Bureau of Labor Statistics released a better than expected jobs report Friday, with 195,000 jobs added to the economy while the unemployment rate remained unchanged at 7.6%.