Major U.S. Cities Lost 1 Million Jobs
Washington, D.C. - The twenty largest metropolitan areas in America have a million fewer workers on the job today than when the $814 billion federal stimulus program began, according to a new economic analysis by a congressional panel.
Major U.S. Cities Lost 1 Million Jobs Despite Massive Stimulus
Will Taxing the Wealthy Reduce the Federal Deficit?
Washington, DC - President Obama and congressional Democrats argue it’s necessary to raise taxes on high wage earners in order to reduce the skyrocketing federal deficit. In his most recent budget message to Congress, the president vows to “eliminate the Bush tax cuts for those making more than $250...
September Job Losses "More of the Same"
Washington, DC -- While President Obama continues to deny the U.S. economy is in a jobless economy, the September unemployment rate stayed stagnant at 9.6% as 95,000 more American workers lost their jobs.
House Economic Leader says No Tax Hikes. Period.
Washington, DC -- U.S. Congressman Kevin Brady (R-Texas), the topHouse Republican on the Joint Economic Committee, says he will not support any tax hikes on American families, professionals and small businesses: "I won't support any measure that does not keep the 2001 and 2003 tax relief fully in...
Not Much to Celebrate This Labor Day As Economy Continues to Stall, Says GOP Economic Leader
Washington, DC – Americans seeking economic hope were disappointed again as the Obama administration reported the national jobless rate climbed back up to 9.6% in August. The U.S. lost 54,000 jobs last month as the Census Bureau shed 114,000 temporary workers and the private sector created a meager ...
Economy Dangerously Close to Stalling Out
Washington, D.C. - U.S. growth is slowing dramatically, according to new figures released this morning by the Bureau of Economic Analysis (BEA). The U.S. economy grew at annual rate of 1.6% in the second quarter – down from an initial estimate of 2.4% and only one-third of the growth rate at the end...
Employment Situation in July 2010
Job Growth in America Continues to Flounder
Washington, DC -- As more Americans left the job hunt in July, the national jobless rate remained at 9.5%. "The economy is headed the wrong direction, with growth dropping by half since the beginning of the year. That’s not good news for struggling American families out of work, " said U.S. Cong...
House GOP Deflate Democratic Job Claims
Washington, DC -- Just days after House Democratic leaders touted their new report, titled Understanding the Economy: Promising Signs of Recovery in Manufacturing, which claims credit for creating 136,000 manufacturing jobs since January, House GOP leaders unveiled economic data from the administrat...
