STATEMENT: Boushey: October’s Jobs Report Shows Economy Barely Recovering
Washington, D.C.—Today, Heather Boushey, Senior Economist at the Center for American Progress, had the following reaction to the announcement of October’s unemployment figures:
Today’s report is yet another reminder that what is happening in the labor market can barely be called a recovery. At this point in the recovery we should be seeing upwards of 300,000 jobs created per month, but the economy only added a paltry 80,000 jobs in October and the three-month pace of job creation is only 114,000. While Occupy Wall Street has focused the nation’s attention on fundamental economic issues, including unemployment, Washington has yet to pass the American Jobs Act, which economists across the board agree will generate new jobs.
To speak to Boushey about the monthly jobs report, contact Katie Peters at firstname.lastname@example.org or 202.741.6285.