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Public Statements

Unemployment Rate is Much Higher than Advertised

Floor Speech

Location: Washington, DC

Mr. WILSON of South Carolina. Mr. Speaker, the President's policies are failing our families and destroying jobs. Since the President was sworn into office in January 2009, our citizens have lost a net of 740,000 jobs, as was discovered on Friday.

For the past 40 months, the unemployment rate has remained above 8 percent. Sadly, during the month of May, this rate increased from 8.1 percent in April to 8.2 percent. The biased liberal media can no longer conceal the truth of the President's failed policies.

And to make matters worse, if the number of Americans who want to work but have stopped looking for a job and those who are forced to work part-time were factored into the equation, the real unemployment rate would rise to 14.8 percent.

House Republicans have passed over 30 bipartisan bills which would promote job creation. I urge my colleagues in the Senate to take immediate action on these pieces of legislation and help put American families back to work.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.

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