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Lungren Welcomes Unemployment Rate Below 8 Percent for First Time in 44 Months


Location: Gold River, CA

Congressman Dan Lungren (R-Gold River, CA) made the following statement after hearing the latest unemployment figures from the Bureau of Labor Statistics for September:

"The decline in the unemployment rate to 7.8 percent for the month of September is welcome news. However, it would be more reassuring if the smaller household survey from which this data was drawn had been corroborated by the broader establishment survey data where employment grew by a smaller than projected 114,000.

"Furthermore, the 582,000 workers employed involuntarily in part time jobs and the loss of 16,000 manufacturing jobs in September remain causes for concern with respect to labor market conditions. The recent downward revision of economic growth for the second quarter to an anemic 1.3 percent reflects the heart of the problem. We must move forward with growth-oriented tax and regulatory policies if we are to create a sustained economic recovery."

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