Today, I’m heading to a place that’s helping to shape that economy. It’s called Cross Campus — a collaborative space in Los Angeles that brings together folks at the cutting edge of a technology revolution, from investors and entrepreneurs to designers and engineers. Because their drive and talent don’t just boost their businesses, they boost our entire economy — and the innovative ideas that they’re coming up with are helping to power our recovery.
Think about this: Last month, our businesses created 236,000 new jobs. Over the past 55 months, they’ve created 10.3 million new jobs — the longest uninterrupted stretch of private-sector job creation in our history. That’s why, for the first time in more than six years, the unemployment rate is below 6 percent. We’re on pace for the strongest year of job growth since the 1990s. Since we emerged from the crisis, America has put more people back to work than Europe, Japan, and every other advanced economy combined.
So for all the challenges in the world, there are some really good things going on here at home. And the reason I’m heading to Cross Campus today is because innovation is one of them. Technologies that didn’t exist 20 years ago, from mobile apps to streaming video to social networks, support millions of American jobs today. Today, our tech sector is the envy of the world.
And the innovation fueling this economy isn’t just happening in Silicon Valley. From Kansas City to Colorado to L.A.’s “Silicon Beach,” entrepreneurs are turning great ideas into great companies.
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2020-09-15
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