Rep. Lujan Statement on Job Losses and Unemployment Reports
Rep. Ben Ray Luján made the following statement regarding today's release of new unemployment and job loss numbers by the Bureau of Labor Statistics, showing rising job losses and an unemployment rate of 7.6%. The U.S. lost 598,000 jobs in January - the largest one-month job loss since December of 1974.
"Again, our country is faced with staggering job losses- 598,000 jobs were lost in the last month, the worst single month of job losses since 1974. The news has come in over the last few weeks as some of our country's largest companies have cut jobs due to our mounting economic crisis. Many more Americans are facing cuts in pay or hours, raising questions about their futures and their ability to provide for their families. We are again seeing the effects of the failed Bush policies of the last eight years, and we need to act to get our country back on track."
"These tough times require action. We cannot simply stand idle as families suffer and our nation's economy risks further collapse. America needs a Recovery Plan that builds a foundation to stabilize our economy, creates and saves jobs and invests in the people of our country. We, everyone of us, must come together, work toward a solution and have the courage to stand up for the people of New Mexico and our great nation who are struggling."