Washington, D.C. – Today the Bureau of Labor Statistics (BLS) released its monthly jobs report for October. Sen. Charles E. Schumer, Chairman of the Joint Economic Committee, released the following statement in reaction to the report:
“Today's unemployment numbers are shocking, even worse than expected. These numbers show better than anything else the magnitude of the economic difficulties President Obama will face when he takes office. We must unite behind him and pass a strong, deep and effective stimulus package.” – Sen. Schumer
The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
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