Today’s U.S. Bureau of Labor Statistics report of an increase in the unemployment rate to 9.8 percent – a 26-year high – is bad news for American workers and their families. The U.S. lost another 263,000 jobs in September and 5.4 million workers have now been unemployed for 27 weeks or longer. The full report is HERE.
These numbers should serve as a long-overdue wake-up call to Congress and the Administration. With misguided policies such as the stimulus, which the Administration predicted would keep unemployment at eight percent, as well as massive new spending and record debt and deficits, Congress continues to miss important opportunities to turn this economy around.
All Americans – Republican, Democrat and Independent – share the goal of job creation and a stronger economy. Congress needs to heed that same bipartisan concern – and enact policies that will help working families and small businesses gain and keep jobs in order to turn this economy around.