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Statement of U.S. Labor Secretary Elaine L. Chao on February Employment Numbers

Statement

Date: March 7, 2008
Location: Washington, DC
Issues: Labor Unions

U.S. Secretary of Labor Elaine L. Chao issued the following statement on the February employment situation report released today:

"The unemployment rate for last month dipped to 4.8 percent, but today's report of negative job growth in February shows that the president's concerns about the near term challenges to the economy are right on target. It also underscores the importance of keeping taxes low and making the president's tax cuts permanent, so workers can keep more of their hard earned wages."


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