Unemployment Rate Remains BAD News
Today the Bureau of Labor Statistics in June the economy added just 80,000. The unemployment rate remains stuck at at 8.2 percent. The economy only added 68,000 April (8.1%) and 77,0000 jobs in May (8.2%). The unemployment rate under President Obama since January, 2009 to the present does not instill confidence in the American people.
U.S. Chamber’s Chief Economist Marty Reglaia said, "Today’s employment report should serve as a clear reminder that the pace of economic growth must accelerate if we are to see sustained improvements in the labor market.
"The global economy is in a precarious position and our current policies are not meeting our fiscal challenges. In order to alleviate some of the uncertainty businesses are feeling, we must put aside differences and act in the nation’s best interest to address these issues. We must address the fiscal cliff while agreeing on a plan to substantially reduce our long-term budget deficits, ease the burden of regulations on our nation’s entrepreneurs, and expand our trading agreements around the globe."
Tags: unemployment rate, BLS, Obama administration, US chamber, charts To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
U.S. Chamber’s Chief Economist Marty Reglaia said, "Today’s employment report should serve as a clear reminder that the pace of economic growth must accelerate if we are to see sustained improvements in the labor market.
"The global economy is in a precarious position and our current policies are not meeting our fiscal challenges. In order to alleviate some of the uncertainty businesses are feeling, we must put aside differences and act in the nation’s best interest to address these issues. We must address the fiscal cliff while agreeing on a plan to substantially reduce our long-term budget deficits, ease the burden of regulations on our nation’s entrepreneurs, and expand our trading agreements around the globe."
Tags: unemployment rate, BLS, Obama administration, US chamber, charts To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 4:30 PM - Post Link
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