JEC Chair Maloney on January Jobs Report

Washington D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC), released the following statement on the Bureau of Labor Statistics’ January jobs report showing that the unemployment rate fell to 9.7 percent and 20,000 total nonfarm jobs were lost:

“The January jobs report, showing a drop in unemployment, provides fresh evidence that the Recovery Act has gotten the economy moving again and is helping to get Americans back to work.  We’ve come a long ways since January 2009, when 779,000 jobs were lost.  While we still have a great deal of work to do, and far too many Americans remain unemployed or underemployed, today’s report is an important sign of progress.  It shows that the GDP growth recorded in the past two quarters is now having an impact on the labor market and making a difference in the lives of Americans looking for work.”