Congressman Adrian Smith (R-NE) issued the following statement on the U.S. Department of Labor's August jobs report:
"The August jobs report is the latest indication the President's policies of massive spending and debt are failing to create private sector economic growth. In the last month, nearly four times as many people simply gave up looking for work than jobs were created. We can and must do better by adopting policies to cut spending and regulation to get the government out of the way of economic growth."
A net total of 96,000 jobs were created during the month of August. According to the Department of Labor, the unemployment rate went from 8.3 to 8.1 percent because 370,000 people stopped looking for work, not due to job creation. August marks the 43rd consecutive month the national unemployment rate has remained above 8 percent.