Camp Statement on October Jobs Report

November 2, 2012 — Press Releases   
Human Resources    Full Committee   


Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement in reaction to the October jobs report from the U.S. Department of Labor.  A net total of 171,000 jobs were created, and the unemployment rate for October increased to 7.9 percent.
 
“Today’s lackluster jobs report is simply the latest confirmation that the economic policies of the Obama Administration have failed the over 12 million Americans who are unemployed and looking for work.  Those dropping out of the labor force have outnumbered new employees by almost 7 to 1 after almost 4 years of the Obama economy.  This is more evidence that the President has taken the country down the wrong track, and we must reverse course.”


Source: Obama Administration projections and Department of Labor unemployment rate data.


Source: Department of Labor data.
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