FROM THE OFFICE OF PUBLIC AFFAIRS

We are pleased to see today’s report on the decline in initial unemployment insurance claims. It is additional evidence that the labor market is building strength and continuing to improve. New claims dropped last week, pushing the four-week moving average to its lowest point since January of 2001. Although this is encouraging news, there remains more to be done. This Administration is committed to strengthening the environment for job creation and will not be satisfied until every American looking for work can find a job.

Building on the progress started by the Jobs and Economic Growth Act, the President is continuing his efforts to strengthen the economy and create jobs, including the Jobs for the 21^st Century initiative announced this week

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