Congressman Larry Bucshon Comments on the November Jobless Rate
Washington, DC,
December 2, 2011
Tags:
Jobs and the Economy
Congressman Larry Bucshon (IN-08) released the following comment on the November jobless rate. The rate fell to 8.6 percent, down from 9 percent the previous month. In addition, the labor participation rate declined to 64 percent from 64.2 percent. Congressman Bucshon (IN-08) states: “It is encouraging to see the economy add jobs and the unemployment rate fall, but it is still unacceptable that unemployment has been over 8 percent for the past 34 months. In 2009, we were promised by the Obama administration that the unemployment rate wouldn’t rise above 8 percent if the stimulus was enacted. Not only has the stimulus failed to create long-term American jobs, it has added over $1 trillion in debt. I have voted for more than 20 jobs bills in the U.S. House this year that sit idle in the Senate. This is unacceptable; the President and the Senate need to make jobs a priority and join the House in working to alleviate onerous regulations on job creators and to provide certainty to businesses in order to move our country forward and put Americans back to work.” Background: From 1948 until the end of the George W. Bush presidency (January 2009), unemployment was 9 percent or worse in a total of just 20 months. Twenty-eight of the past 31 months have had jobless rates of 9 percent or higher. There are currently more than 20 bills related to jobs that have passed the U.S. House this year that are awaiting action by the U.S. Senate. You can track the legislation on Rep. Bucshon’s website here. The House Republicans released their Plan for America's Job Creators in June of this year. It can be read at jobs.gop.gov. Also on the site, you can view the progress of the House passed bills that have not been considered in the Senate. On Wednesday, November 30th, Rep. Bucshon spoke on the floor of the U.S. House of Representatives in support of H.R. 3094, the Workforce Democracy and Fairness Act. The speech can be viewed here. ### |