SENATOR KENNEDY ON DECLINING JOB NUMBERS
Today's employment report shows a loss of 533,000 jobs, the eleventh consecutive month of job losses and the largest one-month loss since 1974. The national unemployment rate rose to 6.7% and the number of unemployed Americans rose to 10.3 million. Senator Edward M. Kennedy, Chairman of the Senate Health, Education, Labor and Pensions Committee, released the following statement:
"Today's dire jobs numbers show the unrelenting toll the recession is taking on employees and their families. Now, more than ever, we need a strong economic recovery package that creates jobs, strengthens the safety net, and invests wisely in the nation's future. I look forward to working with President Obama and my colleagues in Congress to end this nightmare and begin a new era of shared prosperity and growth for our country."