Obama Pushes Congress For Jobs Legislation To Help Small Businesses
Written by Ken Gaebler
Recognizing the importance of a vibrant small business sector to the national economy, President Obama stumps for a new small business jobs package.
President Barack Obama has asked Congress to move quickly on a new round of jobs legislation, the Associated Press reports. Speaking during a stop in western New York Thursday, the president said that economists' formulas and equations were hiding the bad news for small businesses - the persistent high unemployment rate.
Recent reports of job growth indicate that economic recovery plans are working, the president said, but more must be done. According to the AP, he then urged Congress to act on job creation measures to strengthen small businesses even further.
Obama asked the U.S. Small Business Administration to become more proactive in helping current and potential small business owners receive proper training. He also visited a manufacturing company that was able to add workers last fall when it received loans through the economic stimulus plan.
The latest figures from the U.S. Department of Labor indicate a slight improvement for the job market, through progress is slow. For the week ending May 8, the number of unemployment insurance claims fell to 444,000 from 448,000 the week before.
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