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Brady: Small Businesses Losing Jobs Red Flag for Looming Recession

June 03, 2022

Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement after the release of the May Jobs Report from the Bureau of Labor Statistics:

“In addition to a shrinking economy, slowing job growth and crushing inflation, America’s small businesses have lost jobs three out of the last four months. This is a big red flag that often signals a recession is around the corner.

“Under President Biden these Main Street businesses are struggling with higher prices, a worker shortage, and consumers whose paychecks are shrinking each month due to record-high inflation.”