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.”