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Public Statements

Blog: Slowing Job Growth Reflects Weakening Economy

Statement

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Date:
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Today's monthly jobs report is further proof of what many Americans already know: the Administration's policies are hurting our economy and stifling job creation.

Only 96,000 jobs were added last month, far below economists' expectations, and far below 2011's monthly average of 153,000. 23.1 million Americans remain unemployed or underemployed, and 5 million Americans have been out of work for more than a year now.

The only remotely good news is that the unemployment rate dropped from the 8.3% to 8.1%, but even that number isn't encouraging because it doesn't include the people who gave up looking for work entirely. Since the federal government only counts people as unemployed if they are actually looking for a job, this drop in the unemployment rate isn't indicative of the actual situation as it does not count the 368,000 Americans who dropped out of the workforce entirely and gave up looking for work.

Following several days on the heels of our national debt topping $16 trillion dollars, this jobs report is a clear indication of the lack of will and leadership from the President and Senate Democrats when it comes to our economic recovery.


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