The increase would not take effect until 2015 at the earliest and it doesn't apply to existing federal contracts, only new ones.
About 10% of those workers, roughly 200,000, might beĬovered by the higher minimum wage. Most employees of federal contractors already earn more than $10.10. THE FACTS: This would be a hefty boost in the federal minimum wage, now $7.25, but not many would see it. OBAMA: "In the coming weeks, I will issue an executive order requiring federal contractors to pay their federally funded employees a fair wage of at least $10.10 an hour, because if you cook our troops' meals or wash their dishes, you shouldn't have to Source: National Journal FactCheck on 2015 State of the UnionįactCheck: $10.10 minimum wage only affects 200,000 workers And if the same percentage of Americans were competing for jobs today as were in 2008, the unemployment rate would be much higher. In December 2014, that rate sat at 62.7%. In June 2008, the labor force participation rate was 66.1%. So there are two ways to leave the legion of unemployed: One can get a job, or one can quit looking all together. The unemployment rate tallies the percent of people who are both out of a job and actively looking to get one. Unemployment peaked at 10% in October 2009, and has been gradually falling since. Our unemployment rate is now lower than it was before the financial crisis."įactCheck: That's true, but it's also not the whole story.įirst, the good news: the unemployment rate currently sits at 5.6%. Obama said, "Our economy is growing and creating jobs at the fastest pace since 1999. If not, vote to give millions of the hardest-working people in America a raise.įactCheck: Yes, unemployment down but many stopped looking It's time.Ĭongress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. That's why this Congress still needs to pass a law that makes sure a woman is paid the same as a man for doing the same work. Of course, nothing helps families make ends meet like higher wages. Send me a bill that gives every worker in America the opportunity to earn seven days of paid sick leave. So I'll be taking new action to help states adopt paid leave laws of their own. And that forces too many parents to make the gut-wrenching choice between a paycheck and a sick kid at home. Today, we're the only advanced country on Earth that doesn't guarantee paid sick leave or paid maternity leave to our workers. Help families with more paid leave & higher minimum wage It's now up to us to choose who we want to be over the next fifteen years, and for decades to come.
#OBAMA LEARNING ON THE JOB FREE#
Graduating than ever before more of our people are insured than ever before we are as free from the grip of foreign oil as we've been in almost 30 years.Īll the grit and hard work required to come back for all the tasks that lie ahead, know this: The shadow of crisis has passed, and the State of the Union is strong.Īt this moment-with a growing economy, shrinking deficits, bustling industry,Īnd booming energy production-we have risen from recession freer to write our own future than any other nation on Earth.
Our unemployment rate is now lower than it was before the financial crisis. Tonight, after a breakthrough year for America, our economy is growing and creating jobs at the fastest pace since 1999. Source: 2016 State of the Union address to Congressīest employment growth since 1999 the crisis is past And even if he's going from job to job, he should still be able to save for retirement and take his savings with him. If that new job doesn't payĪs much, there should be a system of wage insurance in place so that he can still pay his bills. Say a hardworking American loses his job - we shouldn't just make sure that he can get unemployment insurance we should make sure that program encourages him to retrain for a business that's ready to hire him. Need retraining programs for workers who lose jobs Democratic incumbent President IL Senator (2004-2008)
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