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Rep. Grimm Statement on the August Jobs Report
STATEN ISLAND, NY – Rep. Michael G. Grimm (R,C-NY) issued the following statement on today’s jobs report:
“Today’s jobs report is simply another play on numbers. The reality is that many people have simply given up. Roughly 368,000 Americans stopped looking for work in August making them unaccounted for in the report, and only 96,000 jobs were created. The labor force participation rate has hit 63.5% - a low point we haven’t seen since 1981, and last quarter’s GDP growth slowed to a tepid 1.7% - not nearly high enough to indicate a recovery.
“This report is another reminder of President Obama’s broken promises to get our economy back on track. Unemployment has remained above 8% for 43 consecutive months, the president failed to keep his promise to cut the deficit in half, gas prices are through the roof, and our national debt just topped $16 trillion. These numbers do not paint a picture of a recovering economy, and in fact, they are rather dismal. When it comes to job creation, America deserves better, and we can do better!
“As our economy approaches the precipice of a fiscal cliff, there isn’t a more crucial time than now for tough decisions and strong leadership. In the House, I have voted to stop the tax hikes on the middle class and small businesses; voted to protect our troops by replacing the automatic sequester cuts with responsible, targeted cuts; and supported a budget that would reduce spending and preserve Medicare along with other critical programs.
“America is starving for leadership to lift us out of our economic slump – something we have yet to see from this president. We cannot afford to wait any longer, which is why I urge President Obama and Senate Democrats to put politics aside and put the American people first, by working together on a solution that tackles our debt and creates an environment for economic recovery and job creation.”