Today I’m at one of Honeywell’s manufacturing facilities in Golden Valley, Minnesota, where I just announced a step that will make it easier for companies to hire returning service members who have the skills our country needs right now. It’s another part of our effort to make sure that no American who fights for this country abroad has to fight for a job when they come home. That’s why businesses like Honeywell are answering our challenge to hire 100,000 post-9/11 veterans and their spouses by the end of next year. That’s why I’ve directed the government to hire over 200,000 veterans so far – because our economy needs their tremendous talent, and because millions of Americans are still looking for a job.
Right now, this country is still fighting our way back from the worst economic crisis since the Great Depression. The economy is growing again, but it’s not growing fast enough. Our businesses have created almost 4.3 million new jobs over the last twenty-seven months, but as we learned in this week’s jobs report, we’re not creating them fast enough. And just like last year at this time, our economy faces some serious headwinds. Gas prices are starting to come down again, but when they spiked over the last few months, it hit people’s wallets pretty hard. The crisis in Europe’s economy has cast a shadow on our own. And all of this makes it even more challenging to fully recover and lay the foundation for an economy that’s built to last.