According to the Bureau of Labor Statistics jobs report released this morning, the U.S. unemployment rate dipped slightly to 7.6% from 7.7%, while the economy added 88,000 jobs. The decline is mainly due to more Americans leaving the job market as the workforce participation rate decreased to 63.3%. Representative Larry Bucshon released the following statement regarding today's report.
Rep. Bucshon (IN-08) states:
"We saw a slight dip in unemployment last month because more Americans have given up the search for work and left the labor force altogether. We cannot grow the economy and create Hoosier jobs if we do not balance the budget.
"The Senate Democrats have proposed more of the same with their first budget in four years. It raises taxes by nearly $1 trillion, never balances, and continues ineffective, wasteful stimulus-style spending. All of which will create more uncertainty and hardship for the American people.
"In contrast, the House budget will jump start economic growth. We reform the tax code, responsibly cut spending, and balance in 10 years while protecting our nation's priorities. The American people deserve more from their government than what they are getting under the leadership of President Obama. Balancing the budget will expand opportunity for all Americans. It means more jobs, more take home pay, and more security for our nation's families."