English subtitles for clip: File:2014-12-06 President Obama's Weekly Address.webm

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The President:
Hi, everybody.

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Just in time for
the holiday season,

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we now have another
piece of good news

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about the pace of our
economic recovery.

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Last month, our businesses
created 314,000 new jobs.

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And that's not a fluke -
it keeps up the solid pace

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of job creation we've
seen all year long.

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November was the
tenth month in a row

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we've added more
than 200,000 jobs.

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So far this year, our
economy has created

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2.65 million new jobs.

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That's the most of any
year since the 1990s -

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even with a full
month to go.

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All told, our
businesses have created

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10.9 million new jobs
over the past 57 months.

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And that's the longest
streak of private-sector

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job creation on record.

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We also know that the
upswing in job growth

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this year has come in
industries with higher wages.

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Overall wages are
on the rise.

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And that's some very
welcome news for millions

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of hardworking Americans.

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Because even though corporate
profits and the stock market

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have hit all-time highs,
the typical family isn't

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bringing home more than
they did 15 years ago.

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And that still
has to change.

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And a vibrant jobs market
gives us the opportunity

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to keep up this progress,
and begin to undo

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that decades-long
middle-class squeeze.

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But first, we need the
outgoing Congress to pass

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a budget and keep
our government open.

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A Christmas shutdown
is not a good idea.

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Then, when the new Congress
convenes in January,

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we need to work together
to invest in the things

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that support faster growth
in higher-paying jobs.

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Building new roads and
bridges creates jobs.

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Growing our exports
creates jobs.

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Reforming our
outdated tax system

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and our broken immigration
system creates jobs.

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Raising the minimum wage would
benefit nearly 28 million

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American workers, giving
them more money to spend

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at local businesses -
and that helps those

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businesses create jobs.

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America, we still have a
lot of work to do together.

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But we do have real, tangible
evidence of our progress.

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10.9 million new jobs.

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10 million more Americans
with health insurance.

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Manufacturing has grown.

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Our deficits have shrunk.

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Our dependence on
foreign oil is down.

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Clean energy is up.

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More young Americans are
graduating from high school

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and earning college
degrees than ever before.

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Over the last four
years, this country has

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put more people back to
work than Europe, Japan,

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and every advanced
economy combined.

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The United States of
America continues

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to outperform much
of the world.

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And we are going to keep it
up until every American

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feels the gains of a
growing economy where

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it matters most -
in your own lives.

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Thanks, and have
a great weekend.