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Jobs Numbers Still Falling, Just Not As Fast

Press Release

Date: Aug. 7, 2009
Location: Washington, DC
Issues: Unemployed and Low-Income


Jobs Numbers Still Falling, Just Not As Fast

U.S. Congressman Kevin Brady (R-TX), the lead House Republican on the Joint Economic Committee released the following statement after the Bureau of Labor Statistics reported that July's unemployment rate is now at 9.4 %:

"As we saw with last weeks GDP numbers, our economy is no longer in a free-fall, but it's still in trouble and there is serious structural damage," said Brady.
The July report shows a 9.4% unemployment rate while U.S. payroll employment lost 247,000 jobs in July.

"Consumers are rejecting the stimulus and housing is a continuing weakness. The looming commercial real estate crisis is holding investors at bay and foreign markets are sending up red flags about America's reckless spending spree. Clearly we need a change in direction from the White House. Rather than higher taxes and crippling energy policies we need 21st century incentives to encourage private businesses to invest and create jobs for a sustained and vigorous recovery to occur," Brady continued.


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