Today, Rep. David B. McKinley, P.E. (R-W.Va.) released the following statement on today's announcement the economy added only 96,000 jobs in August, far less than economists expected. The unemployment rate also remained above 8 percent for the 43rd month in a row, making it the worst jobs crisis since the Great Depression.
"This latest report is a clear indication that this country is headed in the wrong direction under the leadership of President Obama," said Rep. McKinley. "No longer can he and his administration blame others for the past four years. We can't deny the President inherited a weak economy but his failed policies have made it worse and have stopped short on getting our economy moving again. Bottom line: we are not better off than we were four years ago."
"According to Bloomberg, 368,000 Americans have left the workforce, dropping the unemployment rate to 8.1 percent from 8.3 percent last month," said Rep. McKinley. "Millions more have simply given up hope and stopped looking. Participation in the workforce is at its lowest point since 1981. More than 20 million Americans are out of work or are only working part time. This is simply unacceptable."
"In an effort to overcome Obama's ill-advised polices of economic growth, the House has adopted policies to reduce the regulatory burdens on our job creators, implement comprehensive tax reform which will produce jobs and spur economic growth and overturn ObamaCare," said Rep. McKinley. "We must change course and give hope to millions of Americans hurt by Obama's economy."