Job Report Shows Glimmer of Hope

Press Release

By:  Jack Kingston
Date: March 4, 2011
Location: Washington, DC

The nation's economy gained 192,000 jobs in the month of February and the unemployment rate dropped to its lowest level in two years according to a report issued by the U.S. Department of Labor.

Though he believes unemployment remains too high, Congressman Jack Kingston (R-GA) characterized the numbers as a glimmer of hope and vowed to continue his legislative agenda focused on creating jobs.

"It certainly is no time to pop the champagne but this jobs report provides encouragement," said Kingston. "My focus remains on putting Georgians back to work by creating a pro-job creation environment. By keeping government out of the way of economic growth, we can empower small businesses to succeed and get our economy back on its feet."

The report found that the unemployment rate, a survey of the number of Americans who want to work, has fallen to 8.9 percent. That represents the lowest figure since April 2009 and, by falling nearly a percentage point in three months, is the fastest improvement in nearly three decades.

The news comes just a day after Kingston voted in favor of repealing the burdensome 1099 tax-reporting requirement contained in the health care law enacted last year. Without action, all businesses will be required to report to the Internal Revenue Service every vendor from whom they purchase more than $600 worth of good in a year.

"Small businesses are the economic engine of this country and the key to our recovery," Kingston said. "The health care law was enough of a burden on them without bogging them down in new reporting requirements. I urge President Obama to step in immediately to shield them from this job-killing regulation."