The U.S. Department of Labor earlier today released the May unemployment report, showing the jobless rate ticked up to 7.6 percent, and employers added 175,000 new jobs. The report also showed the labor force participation rate remained near record lows. Additionally, job gains for April, originally reported as 165,000 new jobs, were revised down by 16,000 to 149,000. Following the release of the report, Congressman Yoder made the following statement:
"While 175,000 new jobs last month is positive news, the data included in the May unemployment report continues to show signs of a timid and sluggish economic recovery. Washington continues to heap unnecessary anxieties and burdensome regulations upon Kansans trying their hardest to make a living, provide for their families, save some money, plan for the future, and realize their American Dream.
Congress must renew our efforts to help make life work for all Americans, from coast to coast. We need to come together to pass bipartisan legislation that improves our economy, cuts waste and corruption, removes barriers to economic growth and prosperity, and solves our country's problems, not creates more of them."