Jobs Report Misleading

Floor Speech

Mr. WILSON of South Carolina. Mr. Speaker, according to Investor's Business Daily:

From the media to Wall Street, June's jobs report is being spun as a major positive, a sign the economy is back on track. Maybe the pundits should look at the actual numbers, which are abysmal. At June's pace of 195,000 new jobs a month, it will take 11 months to get back to where we were in 2007. It's even worse when you consider all of the net addition to June jobs--repeat, all--were part time. The underemployment rate shot up from 13.8 to 14.3 percent. This isn't a solid jobs report. It's a crisis.

House Republicans have passed legislation to promote jobs. Building the Keystone pipeline alone can create nearly 200,000 jobs. In the Midlands of South Carolina, the earthmover tires made by Michelin Corporation are shipped to Alberta, Canada, for oil sand recovery. At 12 feet high and $60,000 for each tire, there are over 300 jobs in Lexington, with another 300 persons building engines for Alberta at MTU in Graniteville of Aiken County.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.

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