FIRST SUBSTANTIAL JOB GAINS OF ADMINISTRATION GOOD, OVERALL BUSH RECORD STILL MISERABLE, SAYS JEC MEMBER MALONEY
WASHINGTON, DC - Today, the Department of Labor released statistics showing that 308,000 jobs were created last month, the first significant month of job creation during the Bush Administration. Since President Bush took office, 1.8 million jobs have been lost. Rep. Carolyn Maloney (NY-14), member of the Joint Economic Committee and ranking member on the Subcommittee on Domestic and International Monetary Policy, Trade and Technology, said the following:
“The first substantial job gains after three years of the Bush Administration are good news for America’s workers. Overall, the President’s cumulative jobs record remains one of definitive failure.
“Since President Bush took office, the country has lost 1.8 million jobs. Since job growth turned positive in September, only an average of 108,000 jobs have been created per month, even with today’s announcement. As the President’s chief economist Gregory Mankiw testified before the Joint Economic Committee, we need 125,000 per month just to keep up with the growing labor force.”