JEC CHAIR MALONEY STATEMENT ON JULY JOBS REPORT  

Washington D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement after the unemployment rate dropped to 9.4 percent. 

 “Evidence that the stimulus bill is taking hold is starting to emerge. The economy dramatically improved in the 2nd quarter of this year, the pace of job loss has moderated significantly in recent months, and the unemployment rate has been stable for the last two months. Clearly, the trend is toward recovery. I am optimistic that more Americans will be heading back to work as more stimulus projects get underway.”  

-          Congresswoman Carolyn Maloney, Chair, Joint Economic Committee

 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. www.jec.senate.gov#          #          #