Pelosi Statement on July Jobs Report; Seventh Straight Month of Job Losses

Statement

Speaker Nancy Pelosi today issued the following statement after the Department of Labor released its employment report for July showing a loss of 51,000 jobs, and an unemployment rate that climbed to 5.7 percent - the highest since March 2004. The economy has lost 463,000 jobs in the past seven months:

"Today's jobs numbers are another painful, and for too many, a very personal reminder of how the Bush Administration's economic strategy has failed American workers. It should be as apparent to the President and to Republicans as it is to the American people that we need another economic recovery package to get our economy growing again.

"Time and again, Democrats have reached across the aisle to move our country in a New Direction that values and rewards the hard work of the American people with an economy that helps them not only pay the bills, but achieve the American Dream. We have worked in a bipartisan way to extend unemployment benefits for 3.5 million workers, provide 130 million American households with Recovery Rebates, increase the Minimum Wage, make college more affordable, and enact higher vehicle fuel efficiency standards that will save drivers up to $1,000 each year.

"Today's job numbers reinforce the need for action and the New Direction Congress will continue to work in a bipartisan way to restore America's economic strength, create jobs, and increase wages."

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