Labor Department Reports 131,000 Jobs Lost in July

Press Release

For the Second Straight Month, U.S. Slashes Jobs--Boccieri Calls it "Progress"

Following crushing job loss numbers in June, the Labor Department announced a second straight month of losses today, reporting that the U.S. economy shed 131,000 jobs in July. Although many analysts were predicting an anemic report from the Labor Department, the loss of 131,000 jobs in July was far worse than most had anticipated--painting an even bleaker picture of the prospect for recovery under the Obama-Pelosi agenda.

"As John Boccieri continues to insist that our economy is making "progress' and is "on the right track', hundreds of thousands of Americans are losing their jobs each month, joining millions more who have been laid off since he was sent to Washington. How many more Americans will have to lose theirs before John Boccieri recognizes that impoverishing his constituents while bankrupting our country is not a formula for economic recovery? Unfortunately, John Boccieri has made it clear that he's more interested in serving as a cheerleader for Nancy Pelosi rather than a leader for the 16th district, and we are all suffering for it," Jim Renacci said today.

While the 9.5% unemployment rate remained unchanged since June, economists say the number reflects a drop in the overall labor force as discouraged workers gave up searching for work or expired unemployment benefits, as opposed to any positive indicators about stabilization or growth in the job market.

"I know what job creation looks like--I've created 1,500 of them, but right now we have a Congressman who apparently can't tell the difference between job growth and job losses, and that is deeply troubling. As more jobs disappear and more debt piles up, it's become more clear than ever that we literally cannot afford to send John Boccieri back to Washington," Renacci added.

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