JEC MEMBER ON EMPLOYMENT NUMBERS: “PRESIDENT’S ECONOMIC TEAM IS CONSISTENTLY WAY OFF THE MARK”

Mar 5, 2004
Press Release

WASHINGTON, DC - Today, the Labor Department’s monthly employment report stated that non-farm payrolls grew a meager 21,000 in February. Growth of approximately 125,000 jobs is required just to keep up with the monthly growth of the labor force. The Labor Department further revised downward non-farm payroll growth for January from 112,000 to 97,000 and December from 16,000 to 8,000.

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, issued the following statement:

“Well, I guess we now know why the White House ran and hid from their prediction of 2.3 million additional jobs by year’s end,” said Maloney. “The President’s economic team is consistently way off the mark.

“This employment report further confirms that three years of Bush economic policies have been an extraordinary failure for America’s workers. The President's job record is disappointing on its own, but the fact that he has done nothing to help workers who have been out of work for so long adds insult to injury. He should immediately demand that his party's Congressional leadership finally pass an extension of unemployment assistance for the 90,000 Americans whose benefits expire each week.”

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