Vice Chairman of the Joint Economic Committee, Kevin Brady, presents his opening statment to the Committee and witnesses on the Bureau of Labor Statistics' January Employment Situation Report. Although the new payroll jobs have increased this encouraging data only masks the fact that labor force participation is the lowest it has been in almost 28 years, at 63.7%. In addition despite all of the stimulus and money spent by the President hiring levels have not increased higher than it was mid way through the recession.