JEC CHAIR MALONEY STATEMENT ON MAY JOBS REPORT

Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement after the U.S. economy shed 345,000 jobs in May and the unemployment rate rose to 9.4 percent:

“The economy shed jobs at nearly half the pace of the past six months, which is an encouraging sign that the worst may be behind us. We are starting to see indications of economic progress as the recovery package begins to take hold across the country. But the rising unemployment rate is a sobering reminder that we still have a long way to go to put people back to work and help families regain economic security.”

- 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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