Post by bot on Feb 5, 2017 17:17:13 GMT -5
Hoyer Statement on January Jobs Report
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today on the January jobs report:
“This morning, the Bureau of Labor Statistics released its report on hiring in January, showing 237,000 private sector jobs added. With this report we can now observe the full scope of the jobs recovery that took place under the Obama Administration and evaluate its success. From the depths of the recession, our country added an astounding 16 million private sector jobs over an eighty-three month streak of positive month-to-month growth, the longest in our recorded history at nearly seven years strong. When President Obama took office, our economy was losing hundreds of thousands of jobs each month, and in October 2009 the unemployment rate peaked at 10%. At the end of his presidency, we saw the rate reach the lowest it’s been in nearly a decade, signaling an economy that has recovered strongly and that is poised for greater things ahead.
“Now, the Trump Administration will have to be careful stewards of these gains. It’s a disturbing sign that his two-week-old administration is already sowing massive uncertainty that puts these gains at risk. I urge the Administration and Congressional Republicans to set aside proposals that would alienate our trading partners, sow uncertainty that deters private investment, and prevent talented immigrants from becoming the next American innovators and job creators. Instead, I hope they will work with Democrats to build on the successes of the past eight years and ensure that all our people can Make It In America.”