U.S. Congressman Kevin Brady of Texas, the top House Republican on the Joint Economic Committee, made the following statement upon today's release of Employment Situation Report for March 2015 by the Bureau of Labor Statistics, which reported an increase of 126,000 nonfarm payroll jobs (129,000 private payroll jobs) and the unemployment rate was unchanged at 5.5 percent.
"Main Street America continues to suffer under the Obama recovery. March's disappointing results mean the pace of job growth is slowing and the troubling Obama Jobs Gap has worsened. Our economy is now missing 5,643,000 jobs at this point in the recovery compared to the average of other U.S. recoveries."
"That's harsh news for the millions of Americans looking for work, especially since this quarters' economic growth is tracking near or below a struggling one percent. Right now the U.S. economy needs to be generating nearly 420,000 new Main Street jobs a month to close the jobs gap by the end of President Obama's term."