Another mixed economic report gets more mixed reaction

WASHINGTON — Private sector employment grew in July, but not enough to offset the loss of expiring census jobs, leading to another mixed month for the economy.

The national unemployment rate remained unchanged at 9.5 percent.

“We have made substantial progress from the days when employment was declining by 750,000 a month,” said Christina Romer, chair of the President’s Council of Economic Advisers. “But, today’s employment report emphasizes just how important the additional jobs measures before Congress are.”

“There will likely be more bumps in the road ahead as the economy recovers.  The monthly employment and unemployment numbers are volatile and subject to substantial revision.  Therefore, it is important not to read too much into any one monthly report, positive or negative.  It is essential that we continue our efforts to move in the right direction and replace job losses with robust job gains.”

Republicans, in contrast, said the latest unemployment numbers are a sign that current policies haven’t worked. Said Rep. John Kline, ranking Republican on the Education and Labor Committee:

After roughly 19 months of record borrowing, spending, and bailouts, 14.6 million Americans are searching for work and more than $13 trillion in government debt has been shifted onto the backs of our children and grandchildren. As long as uncertainty hangs over our economy, small businesses and entrepeuners will sit on the sidelines and job-seekers will abandon the workforce.

Despite continued tough times for families, employers, and workers, Democrats are upping the ante on their failed economic policies. In a few days, members of Congress will head back to Washington to consider the Democrats’ latest state bailout bill. And just this week President Obama renewed his commitment for a job-killing card check scheme. Our economy is in a hole and the only solution Democrats have offered is to keep digging.

It is time for Washington to get out of the way so job-creators can get back in the game. The American people have had enough of tax hikes, deficit spending, and special interest giveaways. If Congress is going to be summoned back to Washington, we should invest our energy into advancing commonsense solutions that will help create jobs and begin to get our fiscal house in order.”

Comments (2)

  1. Submitted by Glenn Mesaros on 08/10/2010 - 05:56 am.

    Here’s a flash bulletin: We are in an economic depression far worse than the 1930’s, on a global scale. If professional economists with rose colored glasses disagree, they just go out and try to find a real job.

    Colorado springs, Co. , population 400,000, just shut off 1/3 of its street lights. Good luck if you need one.

    Camden, NJ, Population, 90,000, located just across from Philadelphia, now threatens to close ALL its public libraries this year.

    Michelle “Marie Antoinette” Obama just returned from a luxury vacation in Marabella, Spain. Eleanor Roosevelt is turning over in her grave.

  2. Submitted by Thomas Swift on 08/10/2010 - 09:57 am.

    Yeah, well it’s hard to blame Michelle.

    Hosting the likes of Nancy Pelosi has gotten the former community organizers used to cocktail parties featuring Hors d’oeuvres costing $100.00 a pop.

    Leftist populism for the 21st Century: “Let them eat Kobi!”

    http://blogs.abcnews.com/politicalpunch/2009/01/drinks-are-on-t.html

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