( CNN ) -- President-elect Barack Obama offered an outline of his economic recovery plan Saturday , and jobs were the top priority . President-elect Barack Obama talks about his economic plan Saturday on a video on his Web site . American workers will rebuild the nation 's roads and bridges , modernize its schools and create more sources of alternative energy , Obama said in the weekly Democratic address , posted on his Web site . `` The plan will mean 2.5 million more jobs '' by 2011 , Obama said . His Web site clarified that the plan would `` save or create '' that many jobs . `` These are n't just steps to pull ourselves out of this immediate crisis , '' he said . `` These are the long-term investments in our economic future that have been ignored for far too long . '' Details of the plan are still being worked out by his economic team , Obama said , but he hopes to implement the plan shortly after taking office January 20 . Listen to Obama 's economic plan » . He referred to figures out this week showing that new home purchases in October were the lowest in 50 years and that 540,000 new unemployment claims had been filed , the most in 16 years . iReport.com : How are you making yourself layoff-proof ? `` We must do more to put people back to work and get our economy moving again , '' he said . More than a million jobs have been lost this year , he said , and `` if we do n't act swiftly and boldly , most experts now believe that we could lose millions of jobs next year . '' The plan will be aimed at jump-starting job creation , Obama said , and laying the foundation for a stronger economy . `` We 'll put people back to work rebuilding our crumbling roads and bridges ; modernizing schools that are failing our children ; and building wind farms and solar panels , fuel-efficient cars and the alternative energy technology that can free us from our dependence on foreign oil and keep our economy competitive in the years head , '' he said . He noted that he will need support from both Democrats and Republicans to pass such a plan and said he welcomes suggestions from both sides of the aisle . `` But what is not negotiable is the need for immediate action , '' he said . `` Right now , there are millions of mothers and fathers who are lying awake at night wondering if next week 's paycheck will cover next month 's bills . `` There are Americans showing up to work in the morning , only to have cleared out their desks by the afternoon . Retirees are watching their life savings disappear , and students are seeing their college dreams deferred . These Americans need help , and they need it now . '' Throughout history , he said , Americans have been able to rise above their divisions to work together , he said . `` That is the chance our new beginning now offers us , and that is the challenge we must rise to in the days to come , '' Obama said . `` It is time to act . As the next president of the United States , I will . ''
President - elect proposes rebuilding roads , bridges , schools . Plan to save or cut 2.5 million jobs by 2011 , Obama 's office says . Republicans and Democrats will have to work together , negotiate , he says .