U.S. Representative Daniel Webster (FL-08) issued the following statement in response to the U.S. Department of Labor's August jobs report indicating that less than 100,000 jobs were created, a pace that cannot keep up with population growth; 6.3 million 18-34 year olds are out of work; workforce participation is at a frighteningly low rate with 368,000 fewer people looking for work; and for the 43rd straight month, unemployment has been above 8%:
"When a historic number of Americans are not participating in our workforce and the amount of jobs created each month cannot keep up with the population growth, it's time to throw in the towel on the Administration's "longer' road to recovery and instead speed up growth to get people back to work. For over 3 ½ years, Americans have endured seeing their family's and neighbor's financial security slip away, have paid staggering prices at the pump, and have seen our national debt rise to $16 trillion. The U.S. House of Representatives has sent over 30 job-creation bills to the U.S. Senate and the President, calling for immediate action. However, this Administration refuses to act.
"Any job created in this economic environment is welcome news, but the rate of growth must keep up with population growth or we will continue to sink below the surface when we need to break through and then start swimming to shore. The life preserver that the American economy needs does not come in the form of increased government spending or tax increases, but rather through policies that inject capital, confidence and certainty into the balance sheets of small businesses and family budgets. This new direction for job creation and economic growth would be welcome news in Central Florida as our community's unemployment numbers continue to stay well above the national average at 9.3%," said Webster.