English subtitles for clip: File:2013-05-04 President Obama's Weekly Address.ogv

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The President:
Hi, everybody.

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Today, I'm speaking to
you from the road --

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a trip to Mexico and Costa Rica.

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I'm here because Latin America
represents an incredible

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opportunity for
the United States,

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especially when it comes to
my top priority as President,

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which is creating good,
middle-class jobs.

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On Friday, we learned that our
businesses created another

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176,000 jobs last month.

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And that's 2.2 million new
jobs over the past year,

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and 6.8 million new jobs
over the past 38 months.

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But as I've said before, I won't
be satisfied until everyone who

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wants a job can find one.

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So I'm going to keep doing
everything I can and go

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everywhere I need to go to help
our businesses create jobs.

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Now, one of the best ways to
grow our economy is to sell more

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goods and services made
in America to the rest

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of the world.

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And that includes our
neighbors to the south.

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Right now, over 40% of our
exports go to the Americas.

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And those exports are growing
faster than our trade with the

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rest of the world.

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That's why I visited Latin
America this week --

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to work with leaders to deepen
our economic ties and expand

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trade between our nations.

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In Mexico, I also talked
about immigration reform,

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because that's an important
issue that affects both

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our countries.

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The truth is, right now, our
border with Mexico is more

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secure than it's been in years.

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We've put more boots on that
border than at any time in our

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history, and illegal crossings
are down by nearly 80% from

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their peak in 2000.

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But we've got more to do -- not
just to secure the border but to

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fix an immigration system
that is badly broken.

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In recent weeks, we've seen a
commonsense immigration reform

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bill introduced in the Senate.

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This bill is a compromise, which
means that nobody got everything

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they wanted -- including me.

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But it's largely consistent with
the principles I've laid out

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from the beginning.

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It would continue to strengthen
security at our borders and hold

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employers more accountable
if they knowingly hire

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undocumented workers.

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It would provide a pathway to
earned citizenship for the 11

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million individuals who
are already in this

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country illegally.

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And it would modernize our legal
immigration system so that we're

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able to reunite families and
attract the highly-skilled

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entrepreneurs and engineers who
will help create good paying

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jobs and grow our economy.

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These are all commonsense
steps that the majority of

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Americans support.

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So there's no reason that
immigration reform can't become

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a reality this year.

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In the meantime, I'll keep
working with our neighbors on

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our common security and
our common prosperity.

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Millions of Americans earn a
living right now because of the

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trade between our nations.

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And after this week, I'm as
confident as ever that we can

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build on our shared heritage and
values to open more markets for

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American businesses and create
more jobs for American workers.

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Thanks and have a great weekend.