Maloney on tomorrow’s jobs numbers
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today offered the following comments ahead of tomorrow’s jobs number release:
“I would like to provide just a bit of context for tomorrow’s much anticipated monthly jobs number from the Bureau of Labor Statistics. It helps I think to have a bit of historical perspective whenever raw numbers are being tossed around.
“The quarter before President Obama took office, the US GDP shrank by a jaw- dropping 8.9 percent. Last quarter it grew by 3 percent. The month that President Obama took the oath of office, the US economy lost a staggering 818,000 jobs. Last month, the economy added 243,000 jobs. That represents quite an improvement. (see chart)
“Still, even after 23 straight months of job creation, there are too many Americans out of work; we are 5.6 million jobs short of employment levels at the start of the Great Recession in December 2007. And there are too many who have been out of work 6 months or longer. Too many who are struggling. And the thing Americans want us to focus on is the economy. The thing they want us to do is to help grow good jobs. The thing they want to see is Congress working together to get things done.
“Let’s hear the number tomorrow and then get to work!”