Schumer on Weak June Jobs Report

Press Release

Sen. Charles E. Schumer, Chairman of the Joint Economic Committee, released the following statement in reaction to the weak June jobs report from the Bureau of Labor Statistics (BLS):

"The economy continues to stagger and Washington continues its paralysis. When will the administration realize the economic pain many Americans are suffering; and when will they understand that focused government activities like a housing relief bill and a second stimulus package could help alleviate that pain?"

Some key points in the BLS report:

- 62,000 jobs were lost in June, which marks the sixth straight month of jobs losses totaling
nearly 440,000 lost jobs in 2008.

- Job losses have continued to spread to other sectors of the economy - professional,
construction and manufacturing sectors lost 51,000, 43,000, and 33,000 jobs respectively.

- The unemployment rate remained at 5.5 percent, statistically unchanged since last month.

Source