Rep. Judy Chu Issues Statement on Release of Labor Department's Most Recent Employment Figures
EL MONTE – Congresswoman Judy Chu, D-CA32, released the following statement after Friday's report by the Labor Department showing that the unemployment rate in the U.S. dropped to 8.5 percent in December, the lowest level in nearly two years, after the economy added an additional 200,000 jobs for the month:
"Last month was the sixth consecutive month that the economy has added more than 100,000 jobs," said Rep. Chu. "That figure, coupled with the fact that consumer confidence is up and manufacturing and productivity are increasing, prove that President Obama's policies have been successful in bringing the economy back on track and positioning the U.S. for a full economic recovery.
"If Republicans in Congress would end their obstructionist policies that blocked a necessary debt ceiling increase and later the extension of a crucial payroll tax cut, our progress towards recovery could be much faster," added Rep. Chu. "But the fact that we have managed to progress this far despite those obstructionist policies is also a testament to the resilience of the American economy and the perseverance of the American worker and small business owner."
The Labor Department's statistics show that the economy has now added jobs for 15 straight months, with 1.6 million jobs added in 2011. Friday's jobs report showed job gains across the board in various industries, from transportation and warehousing to retail, manufacturing, health care and food services.