Tonight, President Barack Obama will address both chambers of Congress – and the nation – for his State of the Union address . As the President takes this opportunity to recommend key policies for lawmakers in the coming year, we’ll pay special attention to what he has to say about the nation’s job growth.
Last December, the nation’s unemployment rate decreased from 6.7% to 5.6%. Statistics like these bode well for the job market in 2015, but only if we can ensure improvements in a few key policies and places. And as Lilly President and CEO, Dr. John Lechleiter, recently explained in Forbes, “No goal is more bipartisan than creating good jobs.” What will it take to support job growth in 2015 and beyond?
- Trade expansion: The United States continues to negotiate two critical trade agreements: the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP). With the right standards in place, these agreements could help create a global economic boom. TTIP is estimated to create nearly 750,000 new jobs in the United States, while TPP is estimated to create 700,000 new jobs.
Closing the innovation gap: Scientific advances in medicine don’t happen in a vacuum. In order for
the U.S. to continue to serve as a hot bed of innovation, we need to ensure that our policies support the
ecosystem innovation requires to thrive. A U.S. tax code that puts our companies on a level playing field with the rest of
the world could be critical to supporting innovation – andjobs that innovative industry supports.
As the new Congress gets to work, we look forward to a fresh opportunity to work with stakeholders on both sides of the aisle in support of our economy.