JEC CHAIR MALONEY ON NOVEMBER JOBS REPORT

Washington D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement on the Bureau of Labor Statistics November jobs report showing that employment was essentially unchanged and the unemployment rate edged down to 10.0 percent in November:

“After two years of unrelenting bad economic news, this morning’s employment report marks the first time since the recession began, that the labor market has stabilized.  Extraordinary times called for extraordinary measures; and those measures Congress and the administration took are clearly working. 

But there is still more work to do.  Until employers are hiring and Americans are working again, Congress will continue to work on initiatives to create good, private sector jobs.  We are examining a number of promising proposals to put unemployed Americans to work rebuilding our nation’s crumbling infrastructure, as well as targeted tax credits for job creation and additional investments in education, health care, and energy independence.

The road to full recovery will be long and bumpy, but it is clear we are headed in the right direction.”

- Congresswoman Carolyn Maloney, Chair, Joint Economic Committee  

The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
 www.jec.senate.gov

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