Maloney Hails Continued Steady Job Growth
WASHINGTON – Joint Economic Committee (JEC) Ranking Member Carolyn Maloney (D-N.Y.) issued the following statement Friday after the Department of Labor announced that the economy added 215,000 nonfarm jobs in July and the unemployment rate remained unchanged at 5.3 percent. July was the 65th consecutive month of private-sector job growth, extending the longest streak on record.
"The July jobs report shows continued broad and steady economic improvement. We have now seen 65 consecutive months of private-sector job growth, which is a remarkable record, and an unemployment rate at a seven-year low.
“But we must do more to ensure continued economic growth, by investing in infrastructure, education, research and development. Congress can take a simple and effective step in the right direction when it returns to Washington in September by renewing the charter of the U.S. Export-Import Bank so it can continue to help American businesses expand into foreign markets and create American jobs.”