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important for struggling families each time they buy gro ceries or fill their tanks with gasoline Both inflation and deflation slow growth and destroy jobs For hard working taxpayers the decline in the dollar...monetary policy is the right lever to maintain the purchasing power of the dollar by declaring the inflation rate over the longer run is primarily determined by monetary policy In contrast the Fed acknowledged...to use monetary policy to stimulate job creation and the United States ended up with both higher inflation and higher unemployment Critics charge that eliminating the dual mandate means we don t care about...

very pleased to stand in for him this morning I would like to welcome Commissioner Hall back this month and also welcome Acting Deputy Commissioner Jack Galvin who is joining Commissioner Hall and Dr Horrigan...DPROCT 2 The ISM Manufacturing Index reading of 50 8 percent in October marked the 27th consecutive month of expansion in the manufac turing sector But the sector so important to our economic growth decelerated...little changed Over the past 12 months payroll employment has increased by an average of 125 000 per month In October private sector employment increased by 104 000 with continued growth in professional and...

For the past 3 months the Bureau of Labor Statistics has re ported nearly 600 000 jobs lost each month I suspect next Friday we will hear similarly staggering figures With so many of our fam ilies led...on the table and being able to pay the electric bill and am I going to be able to make rent this month This is not about the luxuries This is about actually being able to make my bills day to day Representative...For the past three months the Bureau of Labor Statistics has reported nearly 600 000 jobs lost each month I suspect next Friday we will hear similarly staggering figures With so many of our families led by...

watched the Sun paper in Bal timore I mean it has been amazing to watch year after year or really month after month the loss of employees and to see how the paper had shrunk And when I talked to my constituents...

competitive position in the long term Unfortu nately that is precisely what the Senate did earlier this month when on party lines it voted down legislation that would have in vested in our Nation s infrastructure...would actually take 14 years to complete and cost twice as much due to the impact of delays and inflation Examples already abound at the state level of diverted funds originally allocated to infra structure...would actually take 14 years to complete and cost twice as much due to the impact of delays and inflation Examples already abound at the state level of diverted funds originally allocated to infrastructure...

Thank you very much Chair Maloney Thank you Mr Hinchey And Ms Galinsky you seem to have a report a month You are very busy I would just like to ask finally for my part what role do you think work life balance...previous annual average with the bulk of the calls coming in the last quarter This year in the six month period between January and July 15 alone we have had approximately 92 inquiries which suggests that...testimony of all our witnesses Along with the macro economic assessment of our economy that we hear each month from the Bureau of Labor Statistics hearings such as this that focus on individual firms and employees...

also with Commissioner Hall and the news that he presented that day was rather grim The previous month the U S economy had shed a staggering 654 000 jobs To day s news is a little better We are trending...Today s employment report shows the economy added 50 000 private sector jobs last month making November the 11th straight month of employment gains in the private sector And we can see that in the chart over...added 1 2 mil lion jobs in the private sector Private payroll grew by an average of 79 000 jobs per month in the first quarter of 2010 118 000 jobs in the second quarter and 124 000 jobs in the third quarter...

along with Chairman Bernanke discussed the effects of the credit crunch and housing crisis growing inflation and current state of the economic downturn Archived Webcast Archived Webcast Permalink https www...

examined the change in national unemployment rates and non farm payroll employment figures over the past month The hearing s second panel s focus was on how industries dominated by women are likely to be impacted...

by the eco nomic system as a whole to assure ample opportunity for high level employment without inflation If the technique of adjusting pro duction to consumption is continued the economy may be deprived...margins and prices Total productive capacity and total effective demand except in case of war or inflation may be kept below that necessary for high level employment opportunity The late Gen Leonard C Ayres...made famous an analysis of the economics of war according to which following the period of postwar inflation there always has occurred a short primary readjustment Capital shortages and backlogs of consumer...